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RBS accused of diversion over malpractice report

By Ian Fraser Published: Sunday Herald Date: 20 April 2014 Bank accused of misdirecting attention from lawyer’s true findings By Ian Fraser RBS has been accused of using diversionary tactics by Lawrence Tomlinson, an adviser to Vince Cable, after a report into accusations of malpractice by the bank. Tomlinson told the Sunday Herald the substance […]

April 20th, 2014 | Posted in Article Library | Read More »

Snow: ‘If RBS bosses didn’t know what was going on, they should be fired and prosecuted’

December 17th, 2013 (minor revisions December 18th, 2013) Here’s the Channel 4 News report on the behaviour of RBS and its global restructuring group from Monday 25 November — the day that the Tomlinson Report was published. Jon Snow opened the piece by saying:- “They’re accused of deliberately driving viable small businesses into the ground – in order […]

December 17th, 2013 | Posted in Blog | Read More »

£1 trillion timebombs RBS must defuse

By Ian Fraser Published: Sunday Herald Date: 3 November 2013 It will not be broken up … but the future is far from plain sailing. By Ian Fraser Ross McEwan had a baptism of fire on Friday when he made his first set-piece announcement as chief executive of Royal Bank of Scotland. There were a few […]

November 3rd, 2013 | Posted in Article Library | Read More »

Steve Baker: The government is flying blind on banking

8th November, 2015 In a stark warning to the government, the MP Steve Baker has said we’re flying blind where RBS and the wider banking system are concerned, as accounts prepared using International Financial Reporting Standards (IFRS) cannot be relied upon. In what was the stand-out contribution to last Thursday’s House of Commons debate on RBS and the future […]

November 8th, 2015 | Posted in Blog | 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 »

Hard hats for bankers

By Ian Fraser Published: Business Quarter (BQ) Date: 13 October 2014 At a dinner to mark the departure of chief executive Stephen Hester in September 2013, the Royal Bank of Scotland’s finance director Bruce van Saun gave Hester’s anointed heir, Ross McEwan, an unusual present. Hester, a keen horseman, had been the bank’s chief executive […]

October 13th, 2014 | Posted in Article Library | Read More »

A true rebranding … or lipstick on a pig?

By Ian Fraser Published: Mail on Sunday (Scottish edition) Date: 17 August 2014 RBS’s decision to scrap the three-letter acronym it has used for eleven years and assert its heritage by readopting the Royal Bank of Scotland title and refurbishing branches with a “heather, tartan and tweed” theme will get the nation thinking. Is this […]

August 17th, 2014 | Posted in Article Library | 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 »

Bank robbery?

By Ian Fraser Published: Sunday Herald Date: December 1st, 2013 In a recent Business Focus, the Sunday Herald presented a rough guide to the £1 trillion of time bombs metaphorically ticking beneath the plush carpets of the Royal Bank of Scotland’s headquarters. What we didn’t predict was that two of these would explode in the […]

December 1st, 2013 | Posted in Article Library | Read More »

Developments ‘paralysed’ as bankers dither over selling sites

By Ian Fraser Published: Mail on Sunday Date: January 10th, 2010 SCOTLAND’S banks are sitting on hundreds of millions of pounds worth of hidden toxic debt from property loans that are in default. The Royal Bank of Scotland and Halifax Bank of Scotland have become owners of a large portfolio of properties but have been […]

January 10th, 2010 | Posted in Article Library,Latest Articles | Read More »