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Bust air firm may provide key to HBOS controls failures

August 28th, 2010 [Editorial Note: This article was written in June 2010 but has not previously been published in its entirety. An edited version was published in The Sunday Times on June 27th, 2010] Directors of an aviation business that crash landed owing HBOS £113 million in September 2007 were allowed to buy the business back […]

August 28th, 2010 | Posted in Blog | Read More »

The secrets and lies of Gordon Brown

April 18th, 2010 Gordon Brown’s hypocrisy towards the banking sector knows no bounds. The doomed prime minister recently branded investment bank Goldman Sachs “morally bankrupt” and asked the FSA to investigate. Yet Brown has ignored corruption and moral bankruptcy closer to home. Has he “forgotten” that, eighteen months ago, he was alerted to one of […]

April 18th, 2010 | Posted in Blog | Read More »

WAITING GAME

By Ian Fraser Published: CA Magazine Date: December 1st, 2009 Bank of Scotland’s office on the Mound remains fog-bound Potential vendors are waiting for a recovery, potential acquirers are waiting for the bottom of the market and, as Ian Fraser reports, corporate finance professionals are waiting for dealflow to pick up Scotland’s dealmakers have had […]

December 1st, 2009 | Posted in Article Library | Read More »

Scottish Agenda: The revolving door that shuts out taxpayers

By Ian Fraser Published: The Sunday Times Date: July 19th, 2009 Is the taxpayer losing out in pre-packaged administrations that leave state-owned banks swallowing debts? Can we call pre-packaged administrations — which allow professional advisers quickly to put a company into administration, wipe out its debts then immediately sell it on — a fair means […]

July 19th, 2009 | Posted in Article Library | Read More »

Danger of death: Which audit firm will go down first?

By Ian Fraser Published: The Herald Business Date: November 6th, 2008 The accountancy firms that audited our distressed banks are coming under increased scrutiny The partners of “Big Four” accountancy firms have good reason to feel nervous at the moment. Already the world’s largest accountancy firm PricewaterhouseCoopers, which was responsible for the audits of the […]

November 6th, 2008 | Posted in Article Library | Read More »

Self-regulation puts UK at greater risk

By Ian Fraser, Financial Editor Sunday Herald June 30th, 2002 TOOTHLESS regulation of the accountancy profession, together with its increasing commercialisation in the UK, leaves Britain more at risk of major auditing scandals than the US, according to Prem Sikka, professor of accountancy at Essex University. Sikka, who publishes a critical book on the accountancy profession […]

June 30th, 2002 | Posted in Article Library | Read More »

RBS ahead as internet shares drop

by Ian Fraser Published: The Sunday Herald Date: June 25th, 2000 THE Royal Bank of Scotland is surging ahead on the stockmarket because of its refusal to hype up its internet services, according to an influential banking magazine. Other banks have temporarily dazzled the stockmarket with bizarrely-named internet-only brands, such as Halifax’s Intelligent Finance, Abbey […]

June 25th, 2000 | Posted in Article Library | Read More »