Home » fraud You are browsing entries tagged with “fraud”

Loss of trust

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 inquiry. PDF version of this […]

July 16th, 2012 | Posted in Article Library | Read More »

How London became the money-laundering capital of the world

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 the shooting of a Russian […]

July 15th, 2012 | Posted in Blog | Read More »

Warning: These can seriously harm your financial health

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 bank and at several other […]

July 8th, 2012 | Posted in Blog | Read More »

Psy-Fi blog: On the corrosion of moral leadership

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 similar cases from other banks […]

July 2nd, 2012 | Posted in Blog | Read More »

The global scam that may prove terminal for Barclays, Lloyds and RBS

By Ian Fraser Published: Sunday Herald Date: July 1st, 2012 Bankers on the fiddle: executives face extradition to US. Exclusive by Ian Fraser (This is the full, unedited version of an article that was the “splash” in the Sunday Herald on July 1st, 2012)  Image: Banzai7 Executives and former executives of the Royal Bank of […]

July 1st, 2012 | Posted in Article Library | Read More »

The Worst Bank in the World? HBOS’s Calamitous Seven Year Life

February 27th, 2010 (updated June 22nd, 2012) HBOS’s entrance on The Mound; Image: The We Lessons must be learnt from the short and calamitous history of HBOS, the bank which effectively went bust in September 2008, writes Ian Fraser (Note: This article was first posted under the headline “HBOS: When did the rot set in? […]

June 22nd, 2012 | Posted in Blog | Read More »

Accusations of “systemic institutionalised fraud” at RBS fall on deaf ears

May 31, 2012 (updated June 7th, 2012) On Wednesday May 30th, a shareholder stood up at the Royal Bank of Scotland’s annual general meeting and made some serious and credible* allegations of “systemic institutionalised fraud” inside the Edinburgh-based bank. Neil Mitchell, a former chief executive of listed software group Torex Retail, claimed that malfeasance and […]

June 7th, 2012 | Posted in Blog | Read More »

Everyone in finance should read David Bermingham’s “A Price To Pay”

By Rowan Bosworth-Davies White-collar crime, and particularly fraud and wrong-doing in the City of London, has been ignored by regulators and the judiciary for too long. The global financial crisis has highlighted how, if left unchecked it can cause almost incalculable damage to ordinary people’s lives and the wider economy. The biggest disincentive to City […]

May 19th, 2012 | Posted in Blog | Read More »

The Case for a Financial WikiLeaks

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 a big part in dissuading […]

May 15th, 2012 | Posted in Blog | Read More »

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

March 16th, 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 (pictured right), is perhaps best known for his 1949 book ‘White […]

March 23rd, 2012 | Posted in Blog | Read More »