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Why Crosby must step down from FSA and step down now

In Blog by Ian Fraser3 Comments

10 February 2009 It was a case of “we’re sorry but we’re not to blame” at the Treasury Select Committee hearing on Tuesday morning. The four erstwhile titans of finance got in their “unreserved apologies” soon after proceedings got underway, but any sense of personal culpability had melted away by …

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“All they seemed to do for us was to take enormous fees” … the companies who say consultants jeopardised their businesses

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 30 November 2008 BUSINESS customers of HBOS’s Bank of Scotland Corporate division in Southeast England claim that a former bank manager working alongside Quayside Corporate Services jeopardised their businesses – which in many cases went to the wall. Business customers from across Southeast …

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Sir George on Peston: he’s a Treasury puppet and it’s a disgrace

In Blog by Ian Fraser2 Comments

16 November 2008 Former Royal Bank of Scotland chairman Sir George Mathewson doesn’t think too highly of BBC business editor Robert Peston (who was lampooned in Silly Money, tonight’s Bremner Bird & Fortune programme). In an interview published in today’s Sunday Times (Mathewson: Riding to the rescue of HBOS), Mathewson who retired from …

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If only you’d reined in the ‘nasty bastards’, Dennis

In Blog by Ian Fraser0 Comments

13 October 2008 Lord Dennis Stevenson, the former chairman of HBOS, last year gave a remarkably candid interview to Melanie Reid of the The Times. Speaking to Reid, and in a remarks to mental health conference in Glasgow, Stevenson admitted he has been a long-term sufferer from depression. To my mind, …

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Banks baulk at backing newbies

In Latest Articles by Ian Fraser0 Comments

By Ian Fraser Published: Scottish Business Insider Date: August 2008 The credit crunch and the economic climate mean funders and investors are looking for less risky projects IF START-UPS are a barometer of a nation’s economic health, then Scotland must be a pretty sick place. There were only 15 recorded …

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Few tears as British Linen shuts Scots office

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Sunday Times Date: 6 January 2008 A CORPORATE finance practice that was launched with some fanfare and whose backers included some of Scotland’s most high-profile businesspeople, such as Norman Murray, chairman of Cairn Energy, has closed for business in Scotland. British Linen Advisers, a management …

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Global vision

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Scottish Banker Issue: December 2007/January 2008 In the light of RBS’s success in the acquisition of ABN Amro, Ian Fraser takes the long view of Scotland’s big banks’ approach to international expansion IN an increasingly globalised world, both the Royal Bank of Scotland and its older …

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Murray profits rise 18%

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Sunday Times Date: 12 August 2007 SIR DAVID MURRAY’s Premier Property Group has shrugged off fears of  a commercial property downturn with an 18 per cent rise in pre-tax profits to £12.2 million in the year to January, writes Ian Fraser. PPG, part owned by …

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Grant joins up with Insight to develop £1bn property fund

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Herald Date: 22 May 2006 GRANT Management, an Edinburgh-based residential property company, has entered into an agreement with Insight Investment, the London-based fund management arm of HBOS, to put together a £1bn residential property fund.Grant – which specialises in sourcing, renovating, furnishing and managing residential property …

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Sir Angus jumps the bus

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 26 December 2004 DEAL OF THE YEAR SIR Angus Grossart was on the Iraq-Syrian border “looking at Crusader castles” when he put together the deal of the year in Scotland. Grossart, whose investment bank Noble Grossart coordinated the bid on behalf of three …

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Keane’s last stand

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 29 August 2004 It was to be Gavin Masterton’s swansong. The Stadia Management businesses would provide a much-needed injection of finance for Scottish football and provide for the former Bank of Scotland Treasurer and director’s retirement. The success of the business would also …