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“Bling” Crosby’s day of reckoning

By Ian Fraser Published: Sunday Herald Date: February 15th, 2009 This charade of apology is a diversion from bankers’ role in financial destruction EDITH Piaf’s “Non, Je Ne Regrette Rien” seems to be the theme tune for Britain’s banking fraternity right now. The unfab four – Lord Stevenson, Andy Hornby, Sir Tom McKillop and Sir […]

February 15th, 2009 | Posted in Article Library | Read More »

Why Crosby must step down from FSA, and step down now

February 10th, 2009 It was a case of “we’re sorry but we’re not to blame” at the Treasury Select Committee hearing on Tuesday morning. The four erstwhile titans of finance got in their “unreserved apologies” soon after proceedings got underway, but any sense of personal culpability had melted away by the end of the session […]

February 10th, 2009 | Posted in Blog | Read More »

Howard’s unorthodox riding style may yet cripple the black horse

December 12th, 2008 HOWARD Brown, the Halifax teller-turned-minor celebrity,  risks crippling his new steed, Lloyds TSB’s black horse, with his cavalier riding style. HBOS’s trading update this morning is scary stuff. In what appears to be an exercise in “kitchen sinking”, HBOS has revealed that its balance sheet is in a far more perilous state […]

December 12th, 2008 | Posted in Blog | Read More »

Sir George on Robert Peston: he’s a Treasury puppet and it’s a disgrace

November 16th, 2008 Sir George Mathewson clearly doesn’t think too highly of the BBC’s business editor Robert Peston, who was lampooned in Silly Money, tonight’s Bremner Bird & Fortune programme. In an interview with Gillian Bowditch (Mathewson: Riding to the rescue of HBOS) published in today’s Sunday Times, the former chairman and chief executive of the Royal Bank […]

November 16th, 2008 | Posted in Blog | Read More »

Bye, bye Dennis; I wish you’d reined in the “nasty bastards”

October 13th, 2008 (updated September 19th, 2012) Lord Dennis Stevenson, the former chairman of HBOS, last year gave a remarkably revealing interview to Melanie Reid of the The Times. Speaking to Reid, and in a remarks to mental health conference in Glasgow, Stevenson admitted he has been a long-term sufferer from depression. To my mind, […]

October 13th, 2008 | Posted in Blog | Read More »

Can politicians really make banking leopards change their spots?

By Ian Fraser Published: Sunday Herald Date: October 12th, 2008 MARKETS IN MELTDOWN: The UK government’s £500 billion bail‑out could backfire by giving banks licence to continue their reckless behaviour and preserve an outdated banking model. By Ian Fraser LAST WEDNESDAY, the British government took a massive punt on the future of the British banking […]

October 12th, 2008 | Posted in Article Library | Read More »

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 »

Scottish Agenda: Quiet assassins wait in the wings for bankers

By Ian Fraser The Sunday Times August 10th, 2008 An ousting is more likely to prove successful if shareholders gang up behind the scenes than if they shout their displeasure from the rooftops Anthony Bolton, the Fidelity fund manager who formerly ran the investment group’s top-performing special situations fund, last week gave some insights into […]

August 10th, 2008 | Posted in Article Library | Read More »