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Lloyds hopes, if it stonewalls long enough, that customers fleeced by BoS will just go away … and die

Lloyds-bank-logo

April 24th, 2014 Here is Nick Wallis and Laura Ansell’s excellent investigative documentary for BBC South about Lloyds Banking Group’s despicable treatment of customers who allege they were cheated and swindled out of millions of pounds by HBOS, for which I was interviewed. Lloyds, led since March 2011 by chief executive António Horta-Osório, remains firmly […]

April 24th, 2014 | Posted in Blog | Read More »

The Parliamentary Review: Review of the Year in Finance

Image: William Banzai 7

By Ian Fraser Published: The Parliamentary Review Date: September 30th, 2013 The Libor scandal It was described as the banking industry’s ‘tobacco moment’. In June last year, Barclays was fined £290 million by US and UK regulators and judicial authorities after it admitted to systematically rigging the London Inter-Bank Offered Rate (Libor). Libor is the […]

September 30th, 2013 | Posted in Article Library | Read More »

‘Clydesdale hasn’t turned gangrenous but it’s festering and giving off a decided whiff’: Business Spectator

Clydesdale Bank branch in Edinburgh. Photo: The Guardian

August 27th, 2013 (minor edits and one links added September 9th, 2013) For some time now, I’ve been warning that Clydesdale Bank and Yorkshire Bank are seriously damaged institutions that could — like HBOS in the mid noughties — be an accident waiting to happen. Plagued by mounting bad debts and with a parent in […]

August 27th, 2013 | Posted in Blog | Read More »

Paul Moore: Why Griffith-Jones must step down as FCA chairman

John Griffith Jones ex KPMG, currently with FCA

April 20th, 2013 Trust in UK financial regulation and auditing cannot be rebuilt unless John Griffith-Jones (pictured right) steps down as chairman of the Financial Conduct Authority, writes HBOS whistleblower Paul Moore, who is also calling for a public inquiry into KPMG’s pre-crash audits of the collapsed bank HBOS. The need for such an inquiry was reinforced on 11 April, […]

April 20th, 2013 | Posted in Blog | Read More »

Stephen Hester: The great escape artist

RBS Libor rigging

By Ian Fraser Published: Sunday Herald Date: February 10th, 2013 It has been described as the biggest banking felony in history … yet no-one has been prosecuted for the Libor fixing scandal. Ian Fraser looks at the RBS sacrificial lambs.  [An edited version of this article was published on pages 34-35 the Sunday Herald on […]

February 10th, 2013 | Posted in Article Library | Read More »

What today’s Libor settlement says about Royal Bank of Scotland

Stephen Hester

February 6th, 2013 If this is the best he can do, Royal Bank of Scotland chief executive Stephen Hester should consider throwing in the towel and conceding what most people already know — that RBS, as it stands, is unmanageable and running an unsustainable business model. Hester (who remains in denial about the egregious wrongdoing […]

February 7th, 2013 | Posted in Blog | Read More »

How to deal with the Libor riggers

RBS to sell insurance arm

February 6th, 2013 Kevin Mason, a commenter on the Guardian website, had this to say about the £390 million settlement that Royal Bank of Scotland reached with the Commodities Futures Trading Commission, US Department of Justice and Financial Services Authority over rampant Libor-rigging today [Mason's words sourced from Graeme Wearden's excellent Libor rigging live blog published […]

February 6th, 2013 | Posted in Blog | Read More »

Something sinister about the lack of prosecutions at Lehman Brothers

Lehman Brothers

January 24th, 2013 This is the first interview that Chicago lawyer Anton Valukas has given since the publication of his 2,292 page report into the bankrutpcy of Lehman Brothers on March 11th, 2010. At that time, Valukas found strong evidence of financial and accounting fraud designed to deceive investors at the defunct New York-based investment […]

January 24th, 2013 | Posted in Blog | Read More »

Yes Scotland’s crisis avoidance claim is just laughable

Scottish Politicians Launch Their Yes To Devolution Campaign

January 18th, 2013 (updated January 19th, 2013) Blair Jenkins, chief executive of the Yes Scotland campaign, today claimed that Scotland “might very well not have had a financial crisis” if it had been an independent country. This is a ridiculous claim which further undermines the credibility of the ‘Yes’ campaign, especially where business, finance and […]

January 19th, 2013 | Posted in Blog | Read More »

Dear Mr Cameron: Please explain why bankers are now considered above the law

Andrew Bailey. Prudential Regulatory Authority

December 15th, 2012 An open letter to David Cameron, the Prime Minister of the United Kingdom of Great Britain and Northern Ireland, from Mrs N Turner Dear Mr Cameron, I and many other people were stunned by the quotes from Mr Andrew Bailey, the chief executive-designate of the Prudential Regulation Authority, which were reported in the Daily Telegraph […]

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

Fraser on Twitter

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