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What was Signature Litigation thinking?

In Blog by Ian Fraser

12 July 2017 It has been drawn to my attention that there may have been inaccuracies in this blog post, which was posted earlier today. While the matter is being investigated I have therefore removed the blog post.       Ian Fraser is author of the best-selling book Shredded: Inside …

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Robo-advisers take on the wealth managers

In Article Library by Ian Fraser

By Ian Fraser Published: The Sunday Times Date: 2 July 2017 The ticking of an antique clock in the oak-panelled boardroom may provide customers of traditional wealth management firms with the reassurance they need as they commit to buying emerging-market equities, Silicon Valley technology stocks, Venezuelan bonds or whatever else …

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Five ways insurance is breaking with tradition

In Article Library by Ian Fraser

By Ian Fraser Published: The Times Date: 14 June 2017 Insurance is an industry steeped in tradition and breaking free from long-established practices has proved a sometimes painful process POWER OF ACTUARIES Actuaries may have long been the butt of jokes, but they also have traditionally taken many of the top …

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Fred Goodwin: laughing all the way to the golf course

In Article Library by Ian Fraser

By Ian Fraser Published: Daily Record Date: 7 June 2017 It has been one of the longest, most tortuous and expensive legal processes in British history, taking nine years and costing in excess of £190 million in legal fees. The outcome – an out-of-court settlement between investors and the bank …

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London looks set to take the hit from hard Brexit

In Article Library by Ian Fraser

By Ian Fraser Published: The Times Date: 30 May 2017 Hard Brexit would cost the financial services sector and UK economy dear as firms lay plans to relocate thousands of jobs elsewhere in Europe Lloyd Blankfein, chief executive of Goldman Sachs, warns that the City of London “will stall” and see …

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EU directive to change banking forever

In Article Library by Ian Fraser

  By Ian Fraser Published: The Sunday Times Date: 23 April 2017 A European Union directive, aimed at improving customer service, is set to open up banking by making data held by banks available to third-party companies For centuries banks have enjoyed an almost exalted status. Governments and regulators have …

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Professor Richard Werner explains how banking works

In Blog by Ian Fraser

14 March 2017 In this session with ‘Renegade Economist’ Ross Ashcroft, and Panmure Gordon market commentator David Buik, Professor Richard Werner explains how the banking system works. During the session, Prof Werner says that: “Individual banks create money. This is absolute power. We know absolute power corrupts absolutely.” Richard Werner …

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Lloyds Bank “covered up” fraud, says Thames Valley commissioner

In Blog by Ian Fraser

19 February 2017 Lloyds Banking Group has been accused of “covering up” a massive fraud which destroyed up to 200 companies and cost the bank an estimated £1 billion in losses by the police and crime commissioner for Berkshire, Buckinghamshire and Oxfordshire. The massive fraud, which mainly took place between 2003 and …

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Where the smart money went in 2016

In Article Library by Ian Fraser

By Ian Fraser Published: The Sunday Times Date: 12 February 2017 They may be surprise winners, but there are always hidden gems to be found in world markets. Here are five… 1. BITCOIN Bitcoin, the decentralised digital currency launched in 2009, gained 126.2 per cent against the US dollar last …

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What the HBOS fraud tells us about the state of British banking

In Blog by Ian Fraser

8 February 2017 The £1 billion HBOS Reading fraud, my part in exposing it, and what it tells us about the state of British banking   Note: This is a fully revised, updated and extended version of ‘Mafioso bankers and my part in their downfall‘ published in the Sunday Herald on 5 …