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Guest blog: The ICAEW’s Michael Izza is wrong on UK status


18 March 2016 By Tony Shearer In the current issue of economia, house magazine of the Institute of Chartered Accountants in England and Wales, the institute’s chief executive Michael Izza (pictured right) let it be known that the UK had, once again, become one of the world’s ten least corrupt countries, citing Transparency International’s 2015 “global […]

March 18th, 2016 | Posted in Blog | Read More »

UK regulators pronounce on HBOS


By Ian Fraser Published: Financial Intelligencer Date: 18 November 2015 Seven years since HBOS crashed and burned, we are about to find out why, from a report to be jointly published on Thursday morning by the UK’s Financial Conduct Authority and Prudential Regulation Authority (part of the Bank of England). The Edinburgh-based bank, which had assets […]

November 18th, 2015 | Posted in Article Library | Read More »

Luyendijk: Don’t blame the bankers; it’s the system that must change


27th October, 2015 When trying to interview bankers and other City of London insiders for his Guardian banking blog three years ago — material which later formed the basis of his recently published book, Swimming with Sharks: My Journey Into The Word of Bankers — Joris Luyendijk came across exactly the same sort of resistance […]

October 27th, 2015 | Posted in Blog | Read More »

FCA colluded to cover up alleged HSBC fraud


January 23, 2015 (corrected March 2, 2015. See note) When John Griffith-Jones and Martin Wheatley, chairman and chief executive of the Financial Conduct Authority, appear before the Treasury Select Committee at 9.30am next Tuesday, 27 January, the 13 MPs on the committee have an unprecedented opportunity to establish whether the FCA, just like its predecessor the FSA, is colluding with banks to cover up […]

January 23rd, 2015 | Posted in Blog | Read More »

Shredded: ‘The pimp, the ghetto of fraud and the whorehouse of debt’


June 5th, 2014 (updated June 6th, 2014) It has been nearly two years in the making, but Shredded: Inside RBS The Bank That Broke Britain was published by Birlinn today. It’s a look at the Icarus-like ascent of RBS under former chartered accountant Fred “The Shred” Goodwin, and examines many aspects of the bank’s spectacular rise […]

June 5th, 2014 | Posted in Blog | Read More »

Thousands of staff line up to sue RBS


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, the largest of the investor […]

April 27th, 2014 | Posted in Article Library | Read More »

Lloyds hopes if it stonewalls long enough, customers BoS fleeced will give up or die


April 24th, 2014 Here is Nick Wallis and Laura Ansell’s first-class 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 September 9th, 2013) For some time now, I have been warning that Clydesdale Bank and Yorkshire Bank are seriously damaged institutions that could — like HBOS in the mid 2000s — be an accident waiting to happen. Still plagued by bad debts and with a parent in Melbourne that has […]

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 »

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