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Breakthrough in RBS trial as judge orders bank to produce Fred’s emails

By Ian Fraser Published: Sunday Herald Date: 29 March 2015 Note: This is an unedited version of the article that was published in the Sunday Herald on 29 March 2015. This draft dates from 20 March 2015. The published version is available here. The Royal Bank of Scotland has been rapped over the knuckles by a […]

March 29th, 2015 | Posted in Article Library | Read More »

Intruders gatecrash bankers’ party to hand Barclays Libor rigging award

October 8th, 2012 On Thursday, October 4th, The Banker’s Investment Banking Awards 2012, a black-tie do in the Sheraton Park Lane Hotel, were successfully gatecrashed by a group of activists known as The Intruders. They managed to join the veteran BBC newsreader Peter Sissons (what was he doing there, I wonder?) on the stage of the Sheraton Park Lane […]

October 8th, 2012 | Posted in Blog | Read More »

Dear David Cameron: Entrusting economic policy to ex-investment bankers is no solution

September 7th, 2012 When David Cameron reshuffled his cabinet earlier this week, the arrival of a trio City of London bankers and consultants at Her Majesty’s Treasury went almost unnoticed. The three men are Paul Deighton, a former Goldman Sachs partner and chief operating officer for Europe (pictured above), Sajid Javid, a former global head of credit […]

September 7th, 2012 | Posted in Blog | Read More »

Benjamin Lawsky, we’re banking on you

August 11th, 2012 According to a Reuters report earlier, Standard Chartered is this weekend in talks with US regulators with a view to reaching a carefully choreographed settlement along similar lines to the “sweetheart” deal that Barclays reached with the US department of justice for similar Iran-related criminality in August 2010. Reuters says the settlement may […]

August 11th, 2012 | Posted in Blog | Read More »

Senate tells HSBC: Shape up or get out of the United States

July 18th, 2012 Senator Carl Levin has given an ultimatum to HSBC, after a lax approach to money-laundering for drugs cartels and terrorist groups saw the banking giant fail to review thousands of suspicious transactions or properly to vet clients over the past decade. Levin, famous for berating Goldman Sachs’ executives over their “shitty deals“, […]

July 18th, 2012 | Posted in Blog | Read More »

The Physical Impossibility of Death in the Mind of the Too Big To Fail

July 16th, 2012 Another great piece of subversive art by William Banzai 7

July 16th, 2012 | Posted in Blog | Read More »

Loss of trust

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 »

Do big banks need to worry about being found out over Libor?

July 8th, 2012 The eventual outcome of the global Libor rigging scandal is impossible to call at this stage. There is a body of opinion that it might end up being a storm in a teacup (sounds familiar?), given that regulators and courts might end up stuggling to establish who got scammed and the true […]

July 8th, 2012 | Posted in Blog | Read More »

You’re telling me that Ben Bernanke is full of s**t? How securitizations work

June 29th, 2012 I just love this one. Apologies in advance to the sensitive, in case you’re offended by the repeated use of a certain word. It was made using Xtranormal h/t Anat Admati, professor of finance and economics Stanford Graduate School of Business. Follow Anat on twitter

June 29th, 2012 | Posted in Blog | Read More »

The Worst Bank in the World? HBOS’s Calamitous Seven Year Life

February 27th, 2010 (updated June 22nd, 2012) HBOS’s entrance on The Mound; Image: The We Lessons must be learnt from the short and calamitous history of HBOS, the bank which effectively went bust in September 2008, writes Ian Fraser (Note: This article was first posted under the headline “HBOS: When did the rot set in? […]

June 22nd, 2012 | Posted in Blog | Read More »