Royal British Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1858
Conspiracy-to-defraud convictions
Eight surviving directors were prosecuted for conspiracy to defraud the bank's customers. The jury found all defendants guilty, although the resulting penalties varied considerably and only one convicted person remained imprisoned by July 1858.
1856
Collapse of Royal British Bank
Press reports alleging substantial losses led to a decline in the bank's share price and a run by depositors. The bank suspended operations in September 1856, leaving approximately 6,000 depositors owed money. Investigations subsequently found that several directors and former directors had taken substantial sums from the institution.