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The management incompetence and cosy political stitch-up that spelt curtains for HBOS

September 29th, 2008 Lloyds TSB’s chairman Sir Victor Blank believes that he’s getting the bargain of the century with his HBOS acquisition. However, the catalogue of errors that brought HBOS to its knees means the Edinburgh-based lender is more likely to be a disastrous deal for Blank. Ian Fraser reports. SIR VICTOR Blank and Eric […]

September 29th, 2008 | Posted in Blog | Read More »

The end of HBOS

September 17th, 2008 Picture: Amelia Calvert HBOS — created from the expedient merger of Halifax and “Governor & Company of the Bank of Scotland” in September 2001 — is in its death throes. If the BBC’s business editor Robert Peston is to be believed, the bank is about to be subsumed into the Lloyds TSB […]

September 17th, 2008 | Posted in Blog | Read More »

Banks warned to curb payouts as crisis bites

By Ian Fraser Sunday Herald March 23rd, 2008 Big five banks admonished by governor King as they plead for more support. BANK OF England governor Mervyn King used his now-famous meeting with the chief executives of the “big five” UK banks last Thursday to admonish them for increasing shareholder dividends, as they came begging for […]

March 23rd, 2008 | Posted in Article Library,Latest Articles | Read More »

Free personal banking under threat

By Ian Fraser Sunday Herald March 26th, 2006 PENALTY CHARGES: WARNING TO WATCHDOG BANKS are threatening to end free personal banking if a consumer watchdog too severely curtails what they make from penalising customers who exceed their borrowing limits. Midland Bank, now part of HSBC, first introduced free banking in 1974, with other banks following […]

March 26th, 2006 | Posted in Article Library | Read More »

Holding the line: Focus on offshoring call centre jobs

By Ian Fraser Sunday Herald December 7th, 2003 Ian Fraser examines the economics of “offshoring” call-centre jobs to India and asks whether this makes any business sense. THE executive had been given a clear brief by his boss. He was to go to India and report back on a major offshore outsourcing deal that would […]

December 7th, 2003 | Posted in Article Library | Read More »

Columba leadership training school gives the suits a reality check

By Ian Fraser Published: Sunday Herald Date: April 20th, 2003 Columba 1400 project. Image courtesy of Lorne Macneal Architects   STAFFIN, in the windswept north-east corner of Skye, doesn’t seem the most obvious place to build what aspires to be a world-class leadership training school. But Rev Norman Drummond, a Church of Scotland minister on Skye […]

April 20th, 2003 | Posted in Article Library | Read More »

Royal Bank faces a hit on profits

By Ian Fraser, Financial Editor Published: Sunday Herald Date: 24th November, 2002 THE Royal Bank of Scotland is facing a slowdown in profits growth due to a weak economic climate and deteriorating outlook for credit quality, according to ING Financial Markets. In a gloomy assessment of the banking sector, the broker slashed recommendations on RBS […]

November 24th, 2002 | Posted in Article Library | Read More »

What now for RBS?

By Ian Fraser Published: Sunday Herald Date: February 13th, 2000 Onus on Royal to live up to the challenge THE £20.9 billion acquisition of the much larger NatWest bank is going to transform the Royal Bank of Scotland from a significant regional player into a top-10 European bank. The success of Royal Bank – which […]

February 13th, 2000 | Posted in Article Library | Read More »