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Investors wishing to sue RBS over rights issue have until 15 May 2014

Fred Goodwin, Archie Hunter & Tom McKillop. Photo: Evening Standard

April 2nd, 2014 Investors wishing to join the class action lawsuits against the Royal Bank of Scotland over its “misleading” April 2008 rights issue have until Thursday, 15 May 2014 to decide whether to proceed. The cut-off point was laid down by the judge in the case, Mr Justice Hildyard as part of a group […]

April 2nd, 2014 | Posted in Blog | Read More »

Former top execs to give evidence against RBS in High Court trial


By Ian Fraser Published: Sunday Herald Date: 12 January 2014 The investor group suing Royal Bank of Scotland in the High Court in London has recruited five former executives to act as witnesses in its £4.3 billion group litigation order against the state-rescued institution, the Sunday Herald can reveal. The former insiders who have agreed […]

January 12th, 2014 | Posted in Article Library | Read More »

Hester got RBS back on an even keel

Stephen Hester, CEO, RBS

By Ian Fraser Published: Daily Record Date: June 13th, 2013 Stephen Hester’s five years at the helm of Royal Bank of Scotland were nothing if not tumultuous. Under his predecessor, Fred Goodwin, retail banking operations were used as a cash cow to fund overseas expansion, staff were demoralised by a regime of fear, and many […]

June 13th, 2013 | Posted in Article Library | Read More »

RBS’s light at end of the tunnel could be train that flattens it


By Ian Fraser Published: Yorkshire Post Date: March 1st, 2013 AS the Royal Bank of Scotland boss Stephen Hester toured the broadcasters’ studios yesterday, he kept repeating the same mantras. He is “fixing RBS”; it is going from an “okay company” to being a “really good bank”; and “RBS will be ready to be privatised […]

March 1st, 2013 | Posted in Article Library | Read More »

Clients must have chance to join RBS case, says lawyer

Libor scabdal

By Ian Fraser Published: Sunday Herald Date: November 25th, 2012 Fund managers who invested customers’ money in Royal Bank of Scotland’s disastrous £12 billion rights issue in 2008 but who failed to alert clients to the existence of a shareholder-led legal action against the bank, are vulnerable to being sued by their clients, according to […]

November 25th, 2012 | Posted in Article Library | Read More »

Book review: Going for broke

The National Monument, Calton Hill; photo by Jim Downie

By Ian Fraser Published: Scottish Review of Books Date November 17th, 2012 It was intended as a memorial to the Scots who died in the Napoleonic Wars. But it wasn’t long before the incomplete replica of the Parthenon on Calton Hill was labelled ‘Edinburgh’s disgrace’. This was because the so-called National Monument was left half-finished, with […]

November 17th, 2012 | Posted in Article Library | Read More »

Have we really rebuilt the Royal Bank of Scotland?

Sir Philip Hampton and Stephen Hester, RBS

By Ian Fraser Published: Sunday Herald Date: October 21st, 2012 Stephen Hester and Sir Philip Hampton may be in bullish mood, but is RBS as strong as they claim? By Ian Fraser (Image: The Sun) THE chairman and chief executive of Royal Bank of Scotland had something of a spring in their step last week. The […]

October 21st, 2012 | Posted in Article Library | Read More »

Loss of trust

Fred Goodwin

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 »

The Royal Bank of Scotland’s world of pain

Atlas holding up the Earth Greece

By Ian Fraser Published: July 15th, 2012 Published: Sunday Herald In his glory days Fred Goodwin aspired to make Royal Bank of Scotland a global bank on which the sun never set. Corporate videos extolling the group’s global reach were routinely played at investor meetings. His legacy is a world of trouble, with the bank […]

July 15th, 2012 | Posted in Article Library | Read More »

Clueless RBS still hasn’t fixed Ulster Bank systems, as executives face trial

RBS struck by lightning

By Ed Jacob, via Left Foot Forward It is now over two weeks since the Royal Bank of Scotland was forced to apologise after computer glitches caused many of its customers to be unable to access their accounts or make transactions. While NatWest and RBS customers now seem to be enjoying a near normal service, a cross-party […]

July 5th, 2012 | Posted in Blog | Read More »

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