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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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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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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 …

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Just how corrupt is the UK?

In Blog by Ian Fraser1 Comment

By Ian Fraser 13 May 2016 How corrupt is Britain? Over the past few days quite a few people have been insisting Britain isn’t corrupt. They claim to see nothing wrong with Cameron describing countries such as Afghanistan and Nigeria, whose leaders were in London for the Anti-Corruption Summit in Lancaster House this week, …

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RBS boss Ross McEwan answers critics live on LBC

In Blog by Ian Fraser0 Comments

29 April 2016   Royal Bank of Scotland chief executive Ross McEwan appeared on LBC for a half-hour phone-in chaired by Nick Ferrari on 20th November last year. Callers included Ray Perman, former FT journalist and author of Hubris: How HBOS Wrecked The Best Bank In Britain, who asked some powerful questions …

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Why we should worry about FRC evasiveness over HBOS

In Blog by Ian Fraser1 Comment

30 March 2016 By Atul K. Shah The failure of the UK’s fifth largest bank, HBOS, led to over £52 billion of losses, and had a significant impact on jobs, pensions and savings for thousands of people. In spite of a large number of enquiries and reports, no-one has gone to …

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KPMG’s annual report—vague about ethics

In Blog by Ian Fraser0 Comments

25 March 2016 By  Atul Shah The growing size and influence of “big four” accountancy firms as they further transform themselves into global business services supermarkets is generating alarm among many who are concerned about ethics, independence and truth. Our research at Suffolk Business School has raised a number of questions …

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Guest blog: The ICAEW’s Michael Izza is wrong on UK status

In Blog by Ian Fraser1 Comment

18 March 2016 By Tony Shearer In the current issue of economia, house magazine of the Institute of Chartered Accountants in England and Wales, the institute’s chief executive Michael Izza (pictured right) let it be known that the UK had, once again, become one of the world’s ten least corrupt countries, …