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Britain ignores this epidemic of financial crime at its peril

In Blog by Ian Fraser3 Comments

August 1st, 2012 (minor revisions September 4th 2012) by Rowan Bosworth-Davies The most prestigious names in the British banking and finance routinely engage in criminal activities on a scale that would make any Mafia family proud. Whether it’s by facilitating international money-laundering; manipulating markets through Libor rigging; institutionalised insider dealing; misappropriating …

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The trouble with our banking culture

In Blog by Ian Fraser1 Comment

July 18th, 2012 Image by WilliamBanzai7 A friend who works for for Barclays told me what the culture is now like at such banks these days. In response to a question about how bankers have changed — in terms of culture, motivations, behaviour — over the past two decades, he …

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Loss of trust

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Signet Magazine Date: July 16th, 2012 (minor edits March 28th, 2013) Scottish banking was once renowned for prudential management. Today the association is rather different. Financial journalist Ian Fraser gives his view of events behind the collapse of RBS and HBOS and calls for a Leveson-style …

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How London became the money-laundering capital of the world

In Blog by Ian Fraser16 Comments

July 15th, 2012 By Rowan Bosworth-Davies Speaking on the Marr Show on BBC One on March 23rd, the former Daily Telegraph editor and historian Max Hastings said a “senior central banker” recently told him that London is now considered to be the “money-laundering capital of the world”. Hastings was discussing …

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Warning: These can seriously harm your financial health

In Blog by Ian Fraser0 Comments

July 8th, 2012 Another great piece of work by William Banzai (WilliamBanzai7) As The Economist said in its excellent “The rotten heart of finance” article:- Over the past week damning evidence has emerged, in documents detailing a settlement between Barclays and regulators in America and Britain, that employees at the …

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Psy-Fi blog: On the corrosion of moral leadership

In Blog by Ian Fraser0 Comments

July 3rd, 2012 This post was first published on the Psy-Fi blog on June 29th, 2012. It is republished with permission.    Image courtesy of Zerohedge Libor Illegality News that Barclays has been fined for Libor manipulation in both the UK and in the US — and that there are likely to be many more …

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The Case for a Financial WikiLeaks

In Blog by Ian Fraser4 Comments

By Brett Scott May 15th, 2012 (edited May 16th, 2012) The greatest barriers to financial whistleblowing are social and economic, not legal. Fear of being shunned by colleagues, passed over for promotion, bullied and harrassed, summarily dismissed and even shut out of Wall Street or the City for life plays …

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Rowan Bosworth-Davies | Has the UK rediscovered its appetite for prosecuting ‘white collar’ crime?

In Blog by Ian Fraser17 Comments

16 March 2012 In the second in a series of guest posts, Rowan Bosworth-Davies, a financial crime consultant and former Scotland Yard detective, provides a historical perspective on the UK authorities’ lack of appetite for prosecuting high level financial crime Edwin Sutherland, the American sociologist and criminologist, is perhaps best known for his …