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Sir Ron Garrick fiddled while HBOS burned

In Blog by Ian Fraser0 Comments

November 26th, 2012 (updated November 27th 2012) [Note: if the video of the Parliamentary Commission on Banking Standards’ cross-examination of Sir Charles Dunstone and Sir Ron Garrick at the foot of this blog post starts to play, you need to scroll down to the bottom of this blog post to …

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Written evidence to the Parliamentary Commission on Banking Standards

In Blog by Ian Fraser1 Comment

Parliamentary Commission on Banking Standards Submission from Ian Fraser, 24 August 2012 [Update: January 12, 2013. This is my submission to the Parliamentary Commission on Banking Standards, which is being chaired by Andrew Tyrie MP. Written in August 2012, it was published on the Parliamentary website [pdf 28mb] on December 19th, 2012 …

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Martin Wheatley: Elements of UK banking culture “rotten to the core”

In Blog by Ian Fraser2 Comments

September 7th, 2012 The managing director of the Financial Services Authority, Martin Wheatley, has launched a stinging attack on ‘mis-selling’ of financial products by banks, building societies and other financial institutions to their retail customers, even describing the incentive schemes that underpinned the ‘misselling’ of payment protection insurance (PPI) as …

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Corruption allegations, major fraud inquiries, links to pornographic magazines … and a luxury yacht. Welcome to the world of banking 2012

In Article Library by Ian Fraser4 Comments

By Ian Fraser Published: Sunday Herald Date: July 22nd, 2012 Editorial note: This is a more detailed and complete version of an article published in the Sunday Herald on July 22nd, 2012. Police are poised to press charges against several HBOS bankers and consultants after a two-year investigation into large-scale …

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Talking Li(e)borgate on the Keiser Report

In Blog by Ian Fraser2 Comments

July 13th, 2012 On Tuesday, I was interviewed by Max Keiser of the Keiser Report about the UK’s lack of appetite for prosecuting  ‘white collar’ crime. Max also asked me about the Libor rigging scandal, swaps misselling by UK banks, and much else besides. The progeamme was broadcast on Wednesday …

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Banking’s ‘Milly Dowler’ moment

In Blog by Ian Fraser2 Comments

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 …