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Deloitte and the demise of RBS

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 18 December 2011 One of Fred Goodwin’s first acts on being appointed chief executive of the Royal Bank of Scotland on March 6, 2000 was to sack PWC as auditors and to wheel in his ‘alma mater’, Deloitte & Touche. Ex-insiders suggest this …

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Ian Fraser interviewed by Talk Nation Radio

In Blog by Ian Fraser0 Comments

16 December 2011 Here is a half-hour interview that I gave to Dori Smith of Connecticut, US-based Talk Nation Radio on December 9th, 2011. One of the themes is the wilful blindness of the Financial Services Authority to corruption in the UK banking and finance sector (to listen, click on the …

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Mood against bankers turns uglier following FSA “whitewash”

In Blog by Ian Fraser0 Comments

15 December 2011 Writing in the Monday’s Daily Telegraph the Royal Bank of Scotland’s chairman Sir Philip Hampton said the FSA’s report into the RBS collapse would be “an important contribution to the steps needed to restore public trust in RBS, the banking sector, and our regulators”. Unfortunately, the report has done nothing …