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Article

7 Sep 2011

Author:
Jerome Taylor, Independent [UK]

RBS involved in conference on Middle East weapons sales

The Royal Bank of Scotland’s is sending delegates to a conference promoting weapons sales to the Middle East...[T]he...bank...is attending a conference...organised by the London Chamber of Commerce. The revelation comes amid growing concerns about the bank’s ethical record since it was rescued by the tax-payer...RBS had initially agreed to host the event at its London headquarters on Bishopsgate and provide a speaker...[A] spokesperson said...that the event had been moved for operational reasons...Michael Strachan, Deputy Head of Group Media Relations at RBS, defended the bank’s involvement in...[the] event: "The defence sector provides employment for several hundred thousand people in the UK,” he said..."...We have robust policies in place that govern how and where we do business which are guided by the UK Government..."