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

In Blog by Ian Fraser17 Comments

16 March 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, is perhaps best known for his …

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RBS and NatWest customers offered range of ethical choices

In Blog by Ian Fraser2 Comments

6 February 2012 People approaching Royal Bank of Scotland and NatWest cash machines are increasingly likely to be offered a range of ethical choices before being 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 …

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Goodwin hunting

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 30 December 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) …

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Fred’s gamble

In Blog by Ian Fraser0 Comments

3 October 2007 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 his …

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Their profit …. whose loss?

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By Ian Fraser Published: Sunday Herald Date: 13 February 2005 Banks are raking in the profits but neglecting their customers HAVE you seen the Little Britain sketch in which a customer asks their disinterested bank clerk, Carol, for a £2000 loan? Carol nonchalantly types some data into her terminal. After …

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Keane’s last stand

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 29 August 2004 It was to be Gavin Masterton’s swansong. The Stadia Management businesses would provide a much-needed injection of finance for Scottish football and provide for the former Bank of Scotland Treasurer and director’s retirement. The success of the business would also …

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RBS dogs Abbey’s footsteps

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By Ian Fraser Published: Sunday Herald Date: 12 October 2003 Businesses are a bit like puppies, joked Fred Goodwin, chief executive of Royal Bank of Scotland, last week; you don’t just buy them for Christmas but for the long term. If the 45-year-old Scottish banker is serious about taking over Abbey …

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The man who banks on loyalty

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By Ian Fraser Published: Sunday Herald Date: 11 May 2003 RON Sandler, the man given the task of shaking up Britain’s long-term savings industry by Chancellor Gordon Brown, says he owes a huge debt of gratitude to Sir George Mathewson, chairman of the Royal Bank of Scotland. Mathewson, along with …

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Royal rules out ‘mercy killings’ of mutuals

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 17 March 2002 THE ROYAL Bank of Scotland has ruled out mounting a takeover or “mercy killing” of a UK building society or mortgage bank, according to its chairman of retail and wealth management Gordon Pell. When asked if the Edinburgh-based bank intended …

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Showing his rivals a clean pair of heels

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By Ian Fraser Published: Sunday Herald Date: 17 March 2002 FINANCIAL services and washing powder may not seem the most obvious of bedfellows. Yet Gordon Pell’s model of retail banking arguably emulates something that giants such as Procter & Gamble have been doing for years. The detergents approach is to …

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Troup nails his colours to the mast

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By Ian Fraser Published: Sunday Herald Date: 28 October 2001 IN THE era of internet euphoria, technology investing was flavour of the moment. Deals were being put together in a few days, due diligence was skimped on and some venture capitalists expected the companies in which they invested to go …

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Chairman who needs to soften those hard edges

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By Ian Fraser Published: Sunday Herald Date: 1 April 2001 He is renowned for his brusque, uncompromising style. But will this be the undoing of Sir George Mathewson, the Royal Bank’s new chairman? Ian Fraser reports AN iconoclast and a “toughie” whose willingness to defy banking tradition has already paid …

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What now for RBS?

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By Ian Fraser Published: Sunday Herald Date: 13 February 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 …

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THE GIANT KILLER

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By Financial Editor Ian Fraser and Business Editor Kenny Kemp Published: Sunday Herald Date: 13 February 2000 It was the ultimate battle. Two Scottish banks fighting head-to-head to take over NatWest. Financial Editor Ian Fraser and Business Editor Kenny Kemp examine the fortunes of a war which ultimately led to …