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Stephen Hester just doesn’t get it

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 »

Stephen Hester renounces Milton Friedman’s doctrine of greed

October 2nd, 2012 Speaking to an audience of students and finance industry insiders at the London School of Economics yesterday, Royal Bank of Scotland chief executive Stephen Hester renounced the Friedman Doctrine that has done so much damage to our economy and society since the 1970s. Hester said that banks and other companies have been […]

October 2nd, 2012 | Posted in Blog | Read More »

Resolving the banking crisis will require radical surgery and quiet determination

By Ian Fraser Published: Sunday Herald Date: August 12th, 2012 STANDARD Chartered, the London-headquartered bank that does most of its business in Asia, was – until the beginning of last week – the last good bank standing. It was one of the select band of banks to characterise themselves as a cut above the rest, having […]

August 12th, 2012 | Posted in Latest Articles | 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 »

Clydesdale’s retreat

By Ian Fraser Published: Sunday Herald Date: May 6th, 2012   It was supposed to be Scotland’s safe bank. What went wrong? By Ian Fraser Call it Cameron Clyne’s ‘Derby’ moment. At a council of war in that East Midlands city in 1745, Bonnie Prince Charlie had to concede that weak generalship, poor logistics and […]

May 6th, 2012 | Posted in Article Library | Read More »

Sentencing of former Nigerian politician highlights London’s role as world-leading money laundering centre

April 16th, 2012 Barclays, Citibank, HSBC and Abbey National (now owned by Santander) helped to launder some $250 million for James Ibori,  former the former governor of Nigeria’s oil-rich Delta State. The money was almost entirely siphoned from state funds. Ibori has been described by Sahara Reporters as:- “one of the most ingenious and mindless embezzlers of […]

April 16th, 2012 | Posted in Blog | Read More »

Rowan Bosworth-Davies | Has the UK rediscovered its appetite for prosecuting ‘white collar’ crime?

March 16th, 2012 In the second in a series of guest posts, Rowan Bosworth-Davies, a financial crime consultant and former Scotland Yard detective, provides a historical perspective on the UK authorities’ lack of appetite for prosecuting high level financial crime Edwin Sutherland, the American sociologist and criminologist (pictured right), is perhaps best known for his 1949 book ‘White […]

March 23rd, 2012 | Posted in Blog | Read More »

RBS and NatWest customers offered range of ethical choices

February 6th, 2012 People approaching Royal Bank of Scotland and NatWest cash machines are increasingly likely to be confronted by a range of ethical choices before they’re able to withdraw their cash. Given the Edinburgh-based bank’s failure to properly reform itself in the wake of its October 2008 taxpayer-funded bailout, and its pariah-like status over […]

February 6th, 2012 | Posted in Blog | Read More »

Goodwin hunting

By Ian Fraser Sunday Herald December 30th, 2007 Businessperson of the Year: Sir Fred Goodwin THE €71 billion (£49bn) takeover of Dutch bank ABN Amro was a coup that has left little room for doubt. Sir Fred Goodwin, the 49-year-old chief executive of Royal Bank of Scotland (RBS) has been confirmed as the uber-hero of […]

December 30th, 2007 | Posted in Article Library | Read More »

Fred’s gamble

October 3rd, 2007 Image courtesy of New York Times Sir Fred Goodwin, the chief executive of Royal Bank of Scotland, has been accused of being “unhinged” in a blog published on FT Alphaville on October 1st, headlined The sobering message of RBS’s sky-high ABN bid. Their correspondent Lina Saigol has calculated that Sir Fred and […]

October 3rd, 2007 | Posted in Blog | Read More »