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

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 »

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 »

Ex-RBS chief Fred Goodwin will tell court: I did nothing wrong

By Ian Fraser Published: The Herald Date: June 26, 2012 Disgraced former Royal Bank of Scotland chief Fred Goodwin will tell a court that he did not dupe the bank’s shareholders when he asked them for £12 billion just months before its near-collapse, writes IAN FRASER. Mr Goodwin and other former directors are facing a £3bn […]

June 26th, 2012 | Posted in Article Library | 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 »

Thousands launch £3 billion legal action against Fred Goodwin

By Ian Fraser Published: The Herald Date: March 12th, 2012 Unedited version of article published earlier today in The Herald WARNINGS of legal action will be delivered today to former Royal Bank of Scotland chief executive Fred Goodwin and his ex-boardroom colleagues over allegations that they misled shareholders into investing £12 billion in the bank shortly before […]

March 12th, 2012 | Posted in Article Library | Read More »

If Hector Sants gets the PRA job, it’ll be the ultimate reward for failure

By Ian Fraser Published: QFINANCE Date: February 15th, 2012 The Financial Services Authority‘s chairman Lord Turner made a fairly staunch defense of FSA chief executive Hector Sants at a hearing of the Treasury Select Committee on January 30. But some of the MPs on the committee seemed unconvinced that Sants, who earned £807,000 as FSA chief executive in 2010, is the […]

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

FSA’s Hector Sants passes the buck for financial crisis

By Ian Fraser Published: QFINANCE Date: February 14th, 2012 At a hearing of the Treasury Select Committee last month Hector Sants (full video above), chief executive of UK regulator the Financial Services Authority, seemed determined to persuade the MPs that he had done something – anything – to prevent the failure of Royal Bank of Scotland. […]

February 14th, 2012 | Posted in Article Library,Blog | Read More »

Clydesdale’s claims to be a prudent lender ring hollow following NAB ‘review’

By Ian Fraser Published: Sunday Herald Date: February 12th, 2012 From the perspective of its head office in Melbourne’s Bourke Street, National Australia Bank’s UK subsidiaries Clydesdale Bank and Yorkshire Bank are looking increasingly like dead weights at the moment. The Australian economy, where the Victoria-based bank has the bulk of its operations, is booming and […]

February 12th, 2012 | Posted in Article Library | Read More »

The media frenzy about RBS bonuses and Fred Goodwin’s knighthood is a sideshow

By Ian Fraser Published: QFINANCE Date: February 2nd, 2012 Financial commentators are, suddenly, in demand and it’s largely down to the continuing failure of banks to properly reform themselves in the wake of the global financial crisis and the current public rage about bankers who continue to award themselves massive pay packages even though their […]

February 2nd, 2012 | Posted in Article Library,Blog | Read More »

Deloitte and the demise of RBS

By Ian Fraser Published: Sunday Herald Date: December 18th, 2011 (minor edits March 31st, 2013) One of Fred Goodwin’s first acts on being appointed RBS’s chief executive on March 6, 2000 was to sack PWC as auditors and to wheel in his ‘alma mater’, Deloitte & Touche. Ex-insiders suggest this was because Goodwin believed that […]

December 18th, 2011 | Posted in Article Library | Read More »