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It’s time the Crown Office reopened its Royal Bank inquiry

In Article Library by Ian Fraser

By Ian Fraser Published: Daily Record Date: 12 October 2016 The former Lord Advocate, Frank Mulholland, said in May that, after a five-year probe, there was “insufficient evidence” to charge RBS executives over their stewardship of the bank. However, the Crown Office said its investigation could be reopened should fresh …

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Making it happen

In Article Library by Ian Fraser

By Ian Fraser Published: Bella Caledonia Date: 11 October 2016 We all know that the Royal Bank of Scotland went rogue under Fred Goodwin. What was less clear – until yesterday anyway – was that, eight years after it was saved from oblivion thanks to Gordon Brown and Alistair Darling’s …

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RBS boss Ross McEwan answers critics live on LBC

In Blog by Ian Fraser0 Comments

29 April 2016   Royal Bank of Scotland chief executive Ross McEwan appeared on LBC for a half-hour phone-in chaired by Nick Ferrari on 20th November last year. Callers included Ray Perman, former FT journalist and author of Hubris: How HBOS Wrecked The Best Bank In Britain, who asked some powerful questions …

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Businesses trashed by RBS ‘vampire unit’ refuse to co-operate with FCA appointed sleuths

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 4 October 2015 Businesspeople who claim to have been ruined by RBS’s Global Restructuring Group are refusing to co-operate with a firm hired by the Financial Conduct Authority to investigate the scandal, potentially derailing the probe into the bank’s so-called “vampire unit”. The …

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Osborne should break up RBS and Lloyds, not chase a fast buck

In Blog by Ian Fraser0 Comments

March 11th, 2015 Britain’s banks would never have been able to get away with behaving as badly as they have, to missell as many financial products or ruin as many viable business customers if their sector had been subject to proper competition, the former entrepreneur-in-residence at the Department of Business Innovation and …

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The dog that eats up debt

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 21 December 2014 [Note this the unedited version of a business focus article published in the Sunday Herald on 21 December 2014] Banks including the Royal Bank of Scotland and Lloyds Banking Group have found a new way of freshening up their balance sheets …

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RBS: papering over the cracks

In Article Library by Ian Fraser1 Comment

By: Ian Fraser Published: Sunday Herald Date: 17 August 2014 The decision by RBS to dissolve its Global Restructuring Group, an arm of the bank that stands accused of destroying viable UK businesses for profit, will do little to repair the damage caused to the bank’s beleaguered reputation. By Ian …

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RBS job advert casts doubt on the assertions of Sach

In Blog by Ian Fraser0 Comments

June 26th, 2014 The Royal Bank of Scotland seems to be rather confused over whether its infamous Global Restructuring Group is run as a “profit centre”. A job advertisement placed by the bank in January 2014, clearly states that the “role purpose” of relationship managers within GRG is to be …

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RBS accused of diversion over malpractice report

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 20 April 2014 Bank accused of misdirecting attention from lawyer’s true findings By Ian Fraser RBS has been accused of using diversionary tactics by Lawrence Tomlinson, an adviser to Vince Cable, after a report into accusations of malpractice by the bank. Tomlinson told …

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Snow: ‘If RBS bosses didn’t know what was going on, they should be fired and prosecuted’

In Blog by Ian Fraser2 Comments

December 17th, 2013 (minor revisions December 18th, 2013) Here’s the Channel 4 News report on the behaviour of RBS and its global restructuring group from Monday 25 November — the day that the Tomlinson Report was published. Jon Snow opened the piece by saying:- “They’re accused of deliberately driving viable small businesses into …

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RBS whistleblower: ‘It was simply outrageous what went on’

In Blog by Ian Fraser0 Comments

December 7th, 2013 A former insider at Royal Bank of Scotland’s Irish subsidiary, Ulster Bank, has shed further light on the alleged systematic abuse of business customers by the bank’s “recovery and restructuring” arm, which includes Global Restructuring Group and West Register. In a candid interview with Ireland’s Sunday Independent …