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How the BBC muzzled a professor who cast doubt on its impartiality

August 30th, 2014 Meet John Robertson, professor of media politics at the University of the West of Scotland. Robertson led a team of researchers from the University of the West of Scotland (UWS) that investigated how TV broadcasters were covering the Scottish independence referendum campaign. The research, which covered the period September 2012 to September 2013, included an analysis of 620 hours of news broadcasts on […]

August 30th, 2014 | Posted in Blog | Read More »

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

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 director Nathan Bostock then answered […]

July 12th, 2014 | Posted in Blog | Read More »

Shredded Tweets

July 7th, 2014 Here is a selection of tweets about Shredded: Inside RBS The Bank That Broke Britain which was published by Birlinn Books on 6 June (a few other Shredded Tweets are posted here). I’d like to thank all the senders of these messages for buying the book, reading it, and for their positive feedback. It’s heartening […]

July 7th, 2014 | Posted in Blog | Read More »

The FCA no less ‘captured’ than its predecessor

June 27th, 2014 (minor edits Oct 3rd) The Financial Conduct Authority, established in April 2013, has failed its first test. Its review of the interest rate swaps that were sold on an industrial scale by banks to gullible small business customers, especially in 2004-08, has fallen short on a number of fronts. (for more on the fraudulent […]

June 27th, 2014 | Posted in Blog | Read More »

Barclays comes to regret letting flash boys plunge into its “dark pool”

June 26th, 2014 By Rowan Bosworth-Davies One of the over-riding principles of free and well-regulated markets is that everyone who seeks access to trade must be permitted equal rights to knowledge of the prices being quoted, whether “buy” or “sell”. Anything less, and the market becomes a private playground for insiders who seek to benefit from […]

June 27th, 2014 | Posted in Blog | Read More »

RBS job advert casts doubt on the assertions of Sach

June 26th, 2014 The Royal Bank of Scotland seems to be rather confused over whether its infamous Global Restructuring Group is run as a “profit centre”. A job advertisement placed by the bank in January 2014, clearly states that the “role purpose” of relationship managers within GRG is to be “a major contributor to the […]

June 26th, 2014 | Posted in Blog | Read More »

RBS’s annual general meeting was more placid than usual

June 26th, 2014 The Royal Bank of Scotland, which last year made losses of £8.2 billion, held its annual general meeting yesterday. The shareholders’ gathering was a slightly calmer affair than some of the recent ones I have attended. Held at the bank’s sprawling, campus-style “world headquarters” at Gogarburn, near Edinburgh – itself a monument to the hubris […]

June 26th, 2014 | Posted in Blog | Read More »

How City banks and brokers stitched up local authorities with LOBO loans

June 26th, 2014 By Rob Carver (guest blog) First we had PPI. Then Libor. Then the misselling of interest rate swaps to SMEs. Now, ladies and gentlemen, I give you LOBO-gate: how banks ripped off local authorities and housing associations from someone who was there. Cast your minds back to the early 2000s. Life was […]

June 26th, 2014 | Posted in Blog | Read More »

Swaps film: how banks ran rings around SMEs

June 25th, 2014 This short film uses extracts from a telephone call between a bank salesman and one of its business customers to illustrate how a bank, thought to be the Royal Bank of Scotland, essentially conned a business into purchasing an interest-rate hedging product that would be seriously damaging to its health. The other two voices are Gary Kendall, a financial […]

June 25th, 2014 | Posted in Blog | Read More »

Shredded: ‘The pimp, the ghetto of fraud and the whorehouse of debt’

June 5th, 2014 (updated June 6th, 2014) It has been nearly two years in the making, but Shredded: Inside RBS The Bank That Broke Britain was published by Birlinn today. It’s a look at the Icarus-like ascent of RBS under former chartered accountant Fred “The Shred” Goodwin, and examines many aspects of the bank’s spectacular rise […]

June 5th, 2014 | Posted in Blog | Read More »