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Fred Goodwin: laughing all the way to the golf course

In Article Library by Ian Fraser

By Ian Fraser Published: Daily Record Date: 7 June 2017 It has been one of the longest, most tortuous and expensive legal processes in British history, taking nine years and costing in excess of £190 million in legal fees. The outcome – an out-of-court settlement between investors and the bank …

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Classic over-reach as Goodwin boasted about RBS’s immensity

In Blog by Ian Fraser0 Comments

7th November 2015 The FactSheet compiled by RBS’s senior communications executive and deputy chief economist Andrew Wilson in February 2007 pleased his master, the bank’s chief executive, Fred Goodwin, as it put RBS’s financial success in context. But it was also incredibly bombastic and dangerously hubristic Royal Bank of Scotland issued an …

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Hard hats for bankers

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By Ian Fraser Published: Business Quarter (BQ) Date: 13 October 2014 At a dinner to mark the departure of chief executive Stephen Hester in September 2013, the Royal Bank of Scotland’s finance director Bruce van Saun gave Hester’s anointed heir, Ross McEwan, an unusual present. Hester, a keen horseman, had …

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A true rebranding … or lipstick on a pig?

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By Ian Fraser Published: Mail on Sunday (Scottish edition) Date: 17 August 2014 RBS’s decision to scrap the three-letter acronym it has used for eleven years and assert its heritage by readopting the Royal Bank of Scotland title and refurbishing branches with a “heather, tartan and tweed” theme will get …

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On the trail of Fred the Shred

In Article Library by Ian Fraser2 Comments

By Ian Fraser Published: Sunday Herald Date: 8 June 2014 Ian Fraser’s new book, Shredded – Inside RBS: the Bank that Broke Britain, has been acclaimed as the definitive account of the crisis. Here he reflects on the 13 things he learned along the long, hard road to publication (1) …

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Thousands of staff line up to sue RBS

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 27 April 2014 A third of the 12,000 plus individuals who have signed up to sue the Royal Bank of Scotland over its “misleading” £12.3 billion 2008 rights issue are current or former members of staff at the bank. RBoS Shareholders’ Action Group, …