RBS has denied trying to profit from deliberately causing the failure of businesses during and after the financial crisis.
Shares in the U.K. government-owned lender have recovered after falling sharply Monday on the whistleblower allegations revealed by the BBC and Buzzfeed.
Documents passed seen by both news outlets show RBS incentivized staff that identified companies which could be moved to its turnaround division, Global Restructuring Group (GRG).
The BBC reported that GRG adminstrators then applied higher interest rates and pressured customers to sell assets in order to repay loans, took equity stakes in businesses and pushed them into administration.
Senior Analyst at Hargreaves Lansdown, Laith Khalaf, said Tuesday that while nothing had been proven yet, the Financial Conduct Authority was gathering evidence.