THE YEAR THE BANKS BROKE
Ian Fraser tells the story of how Scotland’s reputation for finance was destroyed by imperialistic bosses, toothless regulators and ‘deeply […]
2008
World’s biggest fraudster reveals trade secrets on camera
Bernie Madoff, the most successful fraudster of all time, is captured on film explaining how Wall Street sophisticates are able
Archbishop Rowan Williams describes crisis as “reality check” for a sick society
ROWAN Williams, the Archbishop of Canterbury since 2002, was given a rough ride by the media earlier this year over
SEC “deeply troubled” by its own Madoff failures
Former Republican congressman Christopher Cox, who has been in the hot seat as chairman of the Securities & Exchange Commission
Madoff’s $50bn fraud points to urgent need for hedge fund reform
It beggars belief that so many supposedly ‘sophisticated’ investors allowed themselves to be hoodwinked by Bernie Madoff, the former chairman
Howard’s unorthodox riding style may yet cripple the black horse
Howard Brown, the Halifax teller-turned-minor celebrity, risks crippling his new steed, Lloyds TSB’s black horse, with his cavalier riding style. HBOS’s
“All they seemed to do for us was to take enormous fees” … the companies who say consultants jeopardised their businesses
BUSINESS customers of HBOS’s Bank of Scotland Corporate division in Southeast England claim that a former bank manager working alongside
HBOS faces hard questions over use of troubleshooters who misappropriated company money
MPs demand answers over role of consultants and actions of sacked Bank of Scotland executive Investigation by Paul Hutcheon HALIFAX
Sir George on Robert Peston: he’s a Treasury puppet and it’s a disgrace
Sir George Mathewson clearly doesn’t think too highly of the BBC’s business editor Robert Peston, who was lampooned in Silly Money, tonight’s
Should fund managers behave more like Greenpeace?
While I can’t see many asset managers abseiling down buildings to make a public display like Greenpeace activists, they can
Scots bid to rescue HBOS from takeover
Top bankers launch boardroom coup TWO of Scotland’s most prominent bankers yesterday launched an audacious coup to take control of
Danger of death: Which audit firm will go down first?
The accountancy firms that audited our distressed banks are coming under increased scrutiny The partners of “Big Four” accountancy
Plan leads to ‘poverty in old age’
Lifecycle investing, in which an individual’s pension plan is invested in more volatile asset classes such as equities during their
Allocations to Asia higher than Europe
Limited partners are keen to balance exposure to the US and European Union LIMITED partners, battered by the credit crunch,
Faith in Grampian Funding hastens the fall of Bent
Bruce R. Bent, founder and chairman of the New York-based cash management firm The Reserve, is in a spot of
Lloyds TSB denies taking ‘slash and burn’ approach to Scotland
Gloves come off as English bank threatens to sue The Scotsman Lloyds TSB’s most senior Scottish-based executive has talked up
Firms fear future as feast turns to famine
Crisis could be existential for some of Scotland’s professional services firms The humbling of Scotland’s once proud and buccaneering banking
Universities: Funds needed to give ‘Celtic tiger’ its teeth
Scotland’s first minister Alex Salmond wants to boost economic growth and transform Scotland into a “Celtic tiger”. But he is
Paul Moore: James Crosby sacrificed risk management on the altar of growth
HBOS under Crosby — a bank out of control? Another former senior executive at HBOS has come forward to admit
Fred’s downfall: hubris followed by nemesis
This is an extended version of an article on Fred Goodwin and the collapse of RBS commissioned by the Mail
Financial crisis blamed on “growth at any cost” school of economic thinking
YESTERDAY, I heard an interesting take on the financial crisis from Roger Steare. This revolves around the idea that, since