Prosecutors rule out criminal charged over near collapse of Edinburgh based RBS
Prosecutors had been investigating the bank
An investigation into the near collapse of Edinburgh-based Royal Bank of Scotland has found insufficient evidence'' to press criminal charges against any individuals, the Crown Office has said.
Prosecutors in Scotland have been investigating the bank, which came close to collapse at the height of the financial crisis, for five years.
A statement from the Crown Office said: The Crown's investigation focused on the rights issue of April to June 2008, and involved detailed consideration of whether there was any evidence of criminal conduct associated with the rights issue.
Following careful examination of all the evidence seen to date, Crown counsel have decided that there is insufficient evidence in law of criminal conduct either in relation to RBS as an institution or any directors or other senior management involved in the rights issue.
If any further evidence comes to light which is relevant to this inquiry it will be considered by the Crown and we reserve the right to make further inquiry, if considered appropriate.''