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Europe’s “stability fund” unlikely to be up to the job

In Blog by Ian Fraser0 Comments

2 October 2010 Jose Luis Rodríguez Zapatero, Spain’s prime minister, recently declared the European sovereign debt crisis was over. He told the Wall Street Journal, “I believe that the debt crisis affecting Spain, and the euro zone in general, has passed.” But Zapatero may be being hopelessly optimistic. A common …

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Was writing on wall for Dunfermline five years ago?

In Blog by Ian Fraser0 Comments

30 March 2009 In September 2003 I was surprised to be invited to the ancient burgh of Dunfermline to interview Peter Weanie, who had been hired the previous year from Clydesdale Bank to become head of commercial lending at Dunfermline Building Society. At the time I remember being a little …

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Sir Steve Robson urged to quit FRC

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Sunday Times Date: 15 March 2009 Critics say credibility of Financial Reporting Council is affected as he was among the purged RBS non-executive directors Sir Steve Robson, one of seven RBS non-executive directors to be purged last month, is facing calls to resign as non-executive …

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Howard’s unorthodox riding style may yet cripple the black horse

In Blog by Ian Fraser1 Comment

12 December 2008 HOWARD Brown, the Halifax teller-turned-minor celebrity,  risks crippling his new steed, Lloyds TSB’s black horse, with his cavalier riding style. HBOS’s trading update this morning is scary stuff. In what appears to be an exercise in “kitchen sinking”, HBOS has revealed that its balance sheet is in …