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The Parliamentary Review: Review of the Year in Finance

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By Ian Fraser Published: The Parliamentary Review Date: September 30th, 2013 The Libor scandal It was described as the banking industry’s ‘tobacco moment’. In June last year, Barclays was fined £290 million by US and UK regulators and judicial authorities after it admitted to systematically rigging the London Inter-Bank Offered …

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UK: Divorce can be costly

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By Ian Fraser Published: Investment & Pensions Europe Date: September 2nd, 2013 Ian Fraser finds that Scottish independence would create a host of complications for newly created cross-border pension funds. But neither the London nor Edinburgh governments seem willing to engage with the issues Politicians and civil servants on both …

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Writing the wrongs of the financial crash

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By Ian Fraser Published: Sunday Herald Date: August 25th, 2013 FOUR decades of laissez-faire policies have left Britain as a deeply indebted and uncompetitive economy that is unable to pay its way in the world and incapable of rediscovering its economic mojo, according to a number of economists and speakers at the …

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Scottish jobs market strengthens

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By Ian Fraser Published: Total Jobs Date: 25 July 2013 Totaljobs recently reported an unprecedented rise in job opportunities in Scotland. Financial journalist and author Ian Fraser explains why. As Scotland ponders whether to remain part of the UK ahead of next year’s independence referendum, its jobs market is humming. …

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Hester got RBS back on an even keel

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By Ian Fraser Published: Daily Record Date: June 13th, 2013 Stephen Hester’s five years at the helm of Royal Bank of Scotland were nothing if not tumultuous. Under his predecessor, Fred Goodwin, retail banking operations were used as a cash cow to fund overseas expansion, staff were demoralised by a …

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Stephen Hester just doesn’t get it

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By Ian Fraser Published: Daily Record Date: March 1st, 2013 Royal Bank of Scotland boss Stephen Hester was yesterday touring the television studios trying to convince us that he is absolutely determined to make RBS into a “really good bank” once again. The fox-hunting laird of Gogarburn also told us …

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Stephen Hester: The great escape artist

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By Ian Fraser Published: Sunday Herald Date: February 10th, 2013 It has been described as the biggest banking felony in history … yet no-one has been prosecuted for the Libor fixing scandal. Ian Fraser looks at the RBS sacrificial lambs.  [An edited version of this article was published on pages …

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HBOS whistleblower hits back at Crosby claims

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By Ian Fraser Published: Sunday Herald Date: December 9th, 2012 Paul Moore, the whistleblower whose evidence was key to last week’s hearings of the parliamentary commission on banking, has accused his former HBOS boss Sir James Crosby of “trying to rewrite history” about Moore’s sacking from the Edinburgh-based bank. In an interview …

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Book review: Going for broke

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By Ian Fraser Published: Scottish Review of Books Date November 17th, 2012 It was intended as a memorial to the Scots who died in the Napoleonic Wars. But it wasn’t long before the incomplete replica of the Parthenon on Calton Hill was labelled ‘Edinburgh’s disgrace’. This was because the so-called National …

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Fiscal cliff looms large for all of us

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By Ian Fraser Published: Sunday Herald Date: November 11th, 2012 Stability of leadership has been confirmed in the US and China – now they need stability in their economies, or the world will suffer. By Ian Fraser Today’s global economy is like a drunk meandering his way across a busy …