Smaller banks will lose out as big lenders bounce back, claims RBS boss
Smaller banks will lose out as big lenders bounce back, claims RBS boss. Mr McEwan played down the threat posed by the growing band of challenger banks during a “fireside chat” at an event in the City today. The boss of the taxpayer-owned bank said small lenders would struggle as larger rivals such as RBS picked up speed after a decade of hefty restructuring and misconduct costs following the financial crisis. I think the big banks create the competition,” he told the Bank of America Merrill Lynch annual financial CEO conference.