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Banking’s ‘Milly Dowler’ moment

June 29th, 2012 This is banking’s ‘Milly Dowler’ moment. Finally the blinkers are off and the rest of the world (by which I mean people like leading politicians and the mainstream commentariat) is waking up to the culture of self serving greed and corruption that has infested the UK’s banking sector, about which I’ve been […]

June 29th, 2012 | Posted in Blog | 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 »

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 »

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 »

Hector Sants, the Independent and the £5,000 pay-off

By Jim Parton Published: March 16th, 2012 Hector wasn’t a ‘card-carrying nasty bastard’. He was merely bland, writes former colleague Jim Parton ‘I couldn’t see the point of suffering in the City of London if the sums I earned were only mildly revolting, as opposed to completely obscene.’ These were the somewhat amoral opening words […]

March 16th, 2012 | Posted in Article Library | Read More »

MF Global collapse prompts regulatory rethink in Washington

By Ian Fraser Published: QFINANCE Date: February 8th, 2012 A commissioner at a leading US financial regulator has launched a stinging attack on his own organization, accusing it of having its priorities all wrong. Scott O’Malia accused the Washington-based Commodities Futures Trading Commission, an agency of the US Federal government, of becoming so bogged down in […]

February 8th, 2012 | Posted in Article Library,Blog | 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 »

Does RBS boss Stephen Hester deserve his £1m bonus?

By Ian Fraser Published: QFINANCE Date: January 27th, 2012 The board of Royal Bank of Scotland and its remuneration committee, led by the ex-Coca Cola executive Penny Hughes but also comprising ex-Standard Life boss Sandy Crombie, must have decided let’s just go for it and to hang with the consequences. The RBS board of directors […]

January 28th, 2012 | Posted in Blog | Read More »

Stripping Fred Goodwin of his knighthood won’t solve the banking crisis

January 21st, 2012 The current cross-party campaign to have Sir Fred Goodwin stripped of his knighthood makes for entertaining viewing, but I’m afraid I don’t agree with it. The current witchhunt is handy for the politicians. It gives the impression they’re doing something to punish a perpetrator of the banking crisis but, call me cynical, […]

January 21st, 2012 | Posted in Blog | Read More »

RBS: Inside the Bank that Ran Out of Money (full one-hour documentary)

December 10th, 2011 A project with which I was involved… RBS: Inside the Bank that Ran Out of Money, a one hour BBC Television documentary charting the build up to the biggest bank failure in history, was first aired across the UK on BBC2 on Monday, December 5th. The one-hour film, produced by Tony Nellany […]

December 10th, 2011 | Posted in Blog | Read More »