“Author Archive”
Stories written by Ian Fraser

CLEANING UP

By Ian Fraser Published: The Treasurer Date: 1 October 2015 Corruption, scandal and bribery are commonplace in the world, but what action is being taken to eradicate these crimes? And what can treasurers do to avoid them? Ian Fraser reports In September 1977, Sir Richard Dobson made some off-the-cuff remarks he would come to regret. […]

October 1st, 2015 | Posted in Article Library | Read More »

Pressure grows on RBS as victims of restructuring scandal cry foul at “conflicted” advisors

By Ian Fraser Published: Sunday Herald Date: 30 August 2015 A former Aberdeen oil firm owner who accuses RBS of “stitching up” his business has criticised the bank for appointing the accountancy firm that handled his firm’s administration to review alleged wrongdoing by RBS’s global restructuring group (GRG). Rod Coffey, former chief executive of Stable […]

August 30th, 2015 | Posted in Article Library | Read More »

Tony Blair slammed as a ‘warmonger’ at Edinburgh event

21st August 2015 Tony Blair came under fire at the Edinburgh International Book Festival tonight. The former Labour prime minister was branded a “war-monger” and an Israeli shill by emeritus professor at Oxford University Avi Shlaim, with reference to Blair’s failed role as the Quartet’s peace envoy in the Middle East. Slamming the Quartet a vehicle of the neo-conservative, […]

August 21st, 2015 | Posted in Blog | Read More »

Libor scapegoat found guilty, sentenced to 14 years

3rd August, 2015 Cross-posted from Zerohedge (updated) Tom Hayes, the former UBS and Citigroup trader standing trial for his role in the manipulation of Libor, was today found guilty on eight counts of conspiracy to rig the benchmark in a London court, and sentenced to 14 years in prison. The jury, which deliberated for a […]

August 4th, 2015 | Posted in Blog | Read More »

RBS lawyers fail in attempt to distance themselves from Fred Goodwin as trial approaches

By Ian Fraser Published: Sunday Herald Date: 2 August 2015 The Royal Bank of Scotland has lost a fight to have its former chief executive, Fred Goodwin, excluded from the coming trial over its ‘misleading’ £12.3 billion rights issue. Sonia Tolaney QC, the bank’s lead barrister, told the High Court in London last week that […]

August 2nd, 2015 | Posted in Article Library | Read More »

The Moldovan Connection

By Ian Fraser and Richard Smith Published: Sunday Herald Date: 21 June 2015 How modest homes in some of Scotland’s poorest areas became prolific ‘company factories’. The inside story by Ian Fraser and Richard Smith. (Photo: Google Street View) It’s a humble ground-floor flat in Royston Mains Street in Pilton – the Edinburgh housing estate […]

June 21st, 2015 | Posted in Article Library | Read More »

Osborne fires starting gun on Royal Bank of Scotland disposal

10th June, 2015 George Osborne has confirmed that the UK government will start selling off its £32bn stake in the Royal Bank of Scotland at a loss, insisting any delay would be bad for the economy, taxpayers and bank. Addressing the annual Mansion House dinner in the City of London, Osborne said: “It’s the right thing […]

June 10th, 2015 | Posted in Blog | Read More »

‘RBS still lacks transparency’ — CNBC Squawk Box interview

7th June, 2015 In this interview with CNBC’s Squawk Box, recorded in their Fleet Place studios, I said that RBS still hasn’t shrunk enough and that the bank still lacks transparency. In particular I implied it was being somewhat dishonest in its provisioning for future litigation and the cost of past/current misconduct. The interview, which […]

June 7th, 2015 | Posted in Blog | Read More »

British government policy towards RBS leaves much to be desired

7th June, 2015 Afshin Rattansi asked me about who was to blame for the Royal Bank of Scotland’s collapse, whether the 2008-09 bailout was mishandled, the scapegoating of Fred Goodwin by former prime minister Gordon Brown, and whether the government has a vested interest in airbrushing the bank’s crimes and misdemeanours, in view of its […]

June 7th, 2015 | Posted in Blog | Read More »

Lawsuit threatens to spoil Osborne’s RBS share sale celebrations

By Ian Fraser Published: Sunday Herald Date: 7 June 2015 George Osborne’s plan to sell the government’s 80 per cent stake in Royal Bank of Scotland, the expected highlight of this week’s Mansion House speech, looks set to fall short of Treasury expectations as leading investors baulk at buying shares in the state-rescued bank. Sources […]

June 7th, 2015 | Posted in Article Library | Read More »