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Just how corrupt is the UK?

By Ian Fraser 13th May 2016 How corrupt is Britain? Over the past few days quite a few people have been insisting Britain isn’t corrupt. They claim to see nothing wrong with Cameron describing countries such as Afghanistan and Nigeria, whose leaders were in London for the Anti-Corruption Summit in Lancaster House this week, as “fantastically corrupt”. When Cameron […]

May 13th, 2016 | Posted in Blog | Read More »

Open Letter to Nicola Sturgeon—are bankers ‘above the law’?

4th March 2016 [UPDATED 10TH MARCH 2016 TO INCLUDE A STATEMENT FROM POLICE SCOTLAND] It is increasingly apparent that our supposedly “independent” prosecutorial agencies — which include the Crown Prosecution Service in England and Wales, and the Crown Office and Procurator Fiscal Service in Scotland — are useless when it comes to high-level fraud committed […]

March 4th, 2016 | Posted in Blog | Read More »

The Moldovan Connection

By Ian Fraser and Richard Smith Published: Sunday Herald Date: 21 June 2015 How modest homes in some of Scotland’s poorest areas became prolific ‘company factories’. The inside story by Ian Fraser and Richard Smith. (Photo: Google Street View) It’s a humble ground-floor flat in Royston Mains Street in Pilton – the Edinburgh housing estate […]

June 21st, 2015 | Posted in Article Library | Read More »

British government policy towards RBS leaves much to be desired

7th June, 2015 Afshin Rattansi asked me about who was to blame for the Royal Bank of Scotland’s collapse, whether the 2008-09 bailout was mishandled, the scapegoating of Fred Goodwin by former prime minister Gordon Brown, and whether the government has a vested interest in airbrushing the bank’s crimes and misdemeanours, in view of its […]

June 7th, 2015 | Posted in Blog | Read More »

Bill Black: We’ve given bankers a licence to defraud

February 7th, 2015 As a U.S. Federal litigator, Bill Black had a pivotal role in ensuring that hundreds of the bankers behind the U.S. savings and loan crisis of the late 1980s were put behind bars. Since then, he’s become increasingly exasperated by his country’s failure to prosecute any senior bankers for the much more serious and more damaging […]

February 7th, 2015 | 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 »

Fantastic, amazing, a triumph! The bankers’ view of the FCA redress scheme

October 24th, 2013 By Honestly Banking The banks’ Interest Rate Swaps scam ruined businesses across the UK. Having explained how ‘interest rate swaps’ work and why they were sold in previous posts, we asked the undercover banker Honestly Banking to tell how the banks have managed to get themselves made judge and jury in the […]

October 24th, 2013 | Posted in Blog | Read More »

Highland result suggests RBS bankers no longer above the law

April 13th, 2013 Finally, we have evidence that banks and bankers are not above the law in the United Kingdom. It seems the courts have finally woken up to the fact that allowing them to lie, cheat, deceive and defraud without legal impediment may not be a particularly good idea. As such, yesterday’s appeal court […]

April 13th, 2013 | Posted in Blog | Read More »

Salmond’s £1.7 million bung to KPMG is a kick in the teeth for taxpayers

April 11th, 2013 Yesterday, the government of first minister Alex Salmond gave a £1.7 million Regional Selective Assistance grant to the ‘Big Four’ accountancy firm KPMG to establish a tax avoidance centre in Glasgow. To me this is an astonishing waste of public money, a kick in the teeth to ordinary taxpayers, detrimental to the long-term […]

April 11th, 2013 | Posted in Blog | Read More »

What today’s Libor settlement says about Royal Bank of Scotland

February 6th, 2013 If this is the best he can do, Royal Bank of Scotland chief executive Stephen Hester should consider throwing in the towel and conceding what most people already know — that RBS, as it stands, is unmanageable and running an unsustainable business model. Hester (who remains in denial about the egregious wrongdoing […]

February 7th, 2013 | Posted in Blog | Read More »

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