FTSE CLOSE: House of Fraser collapsed owing creditors £484m

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FTSE CLOSE: House of Fraser collapsed owing creditors £484m; RBS finance boss to step down next month; UK stocks take a tumble

A document published by House of Fraser administrators at EY has revealed that the retailer went bust owing unsecured creditors, including Prada, Armani and Diesel, £484million, before it was snapped up by Sports Direct. 

Royal Bank of Scotland confirmed today that its chief financial officer Ewen Stevenson will step down at the end of September.

A search for his successor is underway, and Katie Murray, the lender’s deputy finance boss, will take up the role in the interim.   

 

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