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£1 trillion timebombs RBS must defuse

Ross McEwan: new RBS boss says bank's recovery vital for UK economy - video

By Ian Fraser Published: Sunday Herald Date: 3 November 2013 It will not be broken up … but the future is far from plain sailing. By Ian Fraser Ross McEwan had a baptism of fire on Friday when he made his first set-piece announcement as chief executive of Royal Bank of Scotland. There were a few […]

November 3rd, 2013 | Posted in Article Library | 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 »

Hester got RBS back on an even keel

Stephen Hester, CEO, RBS

By Ian Fraser Published: Daily Record Date: June 13th, 2013 Stephen Hester’s five years at the helm of Royal Bank of Scotland were nothing if not tumultuous. Under his predecessor, Fred Goodwin, retail banking operations were used as a cash cow to fund overseas expansion, staff were demoralised by a regime of fear, and many […]

June 13th, 2013 | Posted in Article Library | Read More »

Stephen Hester just doesn’t get it

Stephen Hester

By Ian Fraser Published: Daily Record Date: March 1st, 2013 Royal Bank of Scotland boss Stephen Hester was yesterday touring the television studios trying to convince us that he is absolutely determined to make RBS into a “really good bank” once again. The fox-hunting laird of Gogarburn also told us that RBS staff will share […]

March 1st, 2013 | Posted in Article Library | Read More »

RBS’s light at end of the tunnel could be train that flattens it

RBS

By Ian Fraser Published: Yorkshire Post Date: March 1st, 2013 AS the Royal Bank of Scotland boss Stephen Hester toured the broadcasters’ studios yesterday, he kept repeating the same mantras. He is “fixing RBS”; it is going from an “okay company” to being a “really good bank”; and “RBS will be ready to be privatised […]

March 1st, 2013 | Posted in Article Library | 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 »

Have we really rebuilt the Royal Bank of Scotland?

Sir Philip Hampton and Stephen Hester, RBS

By Ian Fraser Published: Sunday Herald Date: October 21st, 2012 Stephen Hester and Sir Philip Hampton may be in bullish mood, but is RBS as strong as they claim? By Ian Fraser (Image: The Sun) THE chairman and chief executive of Royal Bank of Scotland had something of a spring in their step last week. The […]

October 21st, 2012 | Posted in Article Library | Read More »

It’s time that errant bankers were made to grip the rails at the Old Bailey

Ols Baley - sword and scales of Justice

October 18th, 2012 By Rowan Bosworth-Davies “Go where you will, in business parts, or meet who you like of businessmen, it is – and has been for the last three years – the same story and the same lament. Dishonesty, untruth, and what may, in plain English, be termed mercantile swindling within the limits of […]

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

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