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RBS and NatWest customers offered range of ethical choices

In Blog by Ian Fraser2 Comments

6 February 2012 People approaching Royal Bank of Scotland and NatWest cash machines are increasingly likely to be offered a range of ethical choices before being able to withdraw their cash. Given the Edinburgh-based bank’s failure to properly reform itself in the wake of its October 2008 taxpayer-funded bailout, and …

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George Osborne unveils a quack cure for RBS

In Blog by Ian Fraser0 Comments

11th November 2015 It was midway between the canon of lamb and the passing of the port that George Osborne rose to his feet. Addressing a room of 350 white-tie wearing bankers, the 44-year-old Chancellor of the Exchequer seemed to have a spring in his step. Just a few weeks earlier, …

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Osborne should break up RBS and Lloyds, not chase a fast buck

In Blog by Ian Fraser0 Comments

March 11th, 2015 Britain’s banks would never have been able to get away with behaving as badly as they have, to missell as many financial products or ruin as many viable business customers if their sector had been subject to proper competition, the former entrepreneur-in-residence at the Department of Business Innovation and …

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Ross McEwan: “RBS is a yacht with a spinnaker up”

In Blog by Ian Fraser0 Comments

July 13th, 2014 On 2 May 2014, the Royal Bank of Scotland’s New Zealand-born chief executive, Ross McEwan, unveiled a surprisingly strong set of financial results for the bank that he has led since 1 October 2013. But has it really turned the corner? McEwan the and RBS’s outgoing finance …

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Shredded: Inside RBS, The Bank That Broke Britain

Ian Fraser’s Shredded: Inside RBS, The Bank That Broke Britain has been named as a Book of the Year by the Financial Times, Bloomberg, The Week and Huffington Post and one of best books of the decade by the Financial Times. Shredded has also been described as the “definitive account” of the Royal Bank of Scotland’s collapse, one of the five best …

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Thousands of staff line up to sue RBS

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 27 April 2014 A third of the 12,000 plus individuals who have signed up to sue the Royal Bank of Scotland over its “misleading” £12.3 billion 2008 rights issue are current or former members of staff at the bank. RBoS Shareholders’ Action Group, …

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The banality of vulture financing: The placid face of RBS’s distressed debt recycling facility

In Blog by Ian Fraser2 Comments

September 10th, 2013 (minor edits November 4th, 2014) Derek Sach inadvertently gave away some of RBS’s trade secrets in this interview with Debtwire’s Mario Oliviero. Sach — who is in charge of RBS, NatWest and Ulster Bank’s so-called Global Restructuring Group — was interviewed during the Debtwire European Forum in London’s Dorchester …