Press TV- A UK law firm has announced that one of its Iranian clients has managed to obtain nearly 32,000 in compensation for mistaken closure of his bank account form the Royal Bank of Scotland (RBS) last year. Emma Nawaz, the managing director of Blackstone Solicitors, said on Tuesday that many Iranian individuals, having accounts in different ...

A small south Manchester law firm is taking on the might of financial giant Royal Bank of Scotland in a court case. Blackstone Solicitors claims RBS has discriminated against people of Iranian heritage, whose bank accounts were closed, according to Business Desk. The firm attracted national interest when it raised the issue in late 2013, and ...

Royal Bank of Scotland has been fined $100m (61m, 73m euros) by US regulators for violating US sanctions against Iran, Sudan, Burma, and Cuba. The settlement follows from a 2010 internal investigation by RBS into its historical US dollar payment processes and controls. The violations took place between 2005-09, the US Treasury said. In a statement,...