Builder Clive May to sue RBS for 'mis-sold' loan
A Flintshire builder whose company went under after he claims the RBS mis-sold him a government-backed loan is to sue the banking group.
Clive May's firm ceased trading five days before Christmas 2013 with the loss of 17 staff and 13 sub-contractors from the Mold firm.
There are now calls for a review of the Enterprise Finance Guarantee (EGG), which helps small businesses obtain funding they may not get elsewhere.
RBS said they could not comment.
Matthew Richards reports.
19 Aug 2014
- From the section Wales