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Deadline looms for investors wishing to join action against RBS Group

Fred Goodwin, Archie Hunter & Tom McKillop. Photo: Evening Standard

April 2nd, 2014 (minor edits to 4th paragraph and new headline, April 22nd, 2014) Investors wishing to join the class action lawsuits against the Royal Bank of Scotland over its “misleading” April 2008 rights issue have until Thursday, 15 May 2014 to decide whether to proceed. The cut-off point was laid down by the judge […]

April 2nd, 2014 | Posted in Blog | Read More »

Key funder of RBS claimant group has stock market listing suspended

RBS Drummond House with Paolozzi statue

By Ian Fraser Published: The Sunday Herald Date: 2 March 2014 Ian Fraser’s note: This is the unedited version of an article published by The Sunday Herald. The shorter, published version can be read here.  Investors who are suing the Royal Bank of Scotland over its “misleading” £12.3 billion rights issue have suffered a setback […]

March 2nd, 2014 | Posted in Article Library | Read More »

Chuka Umunna: PWC’s useful idiot?

Chuka Umunna - banking toady?

January 23rd, 2014 I’ve long wondered how committed the Labour shadow business secretary and MP for Streatham Chuka Umunna really is to UK banking reform. It seems the answer is “not very”. In the furore that followed the publication of the Tomlinson Report on November 25 last year, a report which (accurately, in my view) […]

January 23rd, 2014 | Posted in Blog | Read More »

Former top execs to give evidence against RBS in High Court trial

rbsbanner

By Ian Fraser Published: Sunday Herald Date: 12 January 2014 The investor group suing Royal Bank of Scotland in the High Court in London has recruited five former executives to act as witnesses in its £4.3 billion group litigation order against the state-rescued institution, the Sunday Herald can reveal. The former insiders who have agreed […]

January 12th, 2014 | Posted in Article Library | Read More »

Snow: ‘If RBS bosses didn’t know what was going on, they should be fired and prosecuted’

Jon Snow

December 17th, 2013 (minor revisions December 18th, 2013) Here’s the Channel 4 News report on the behaviour of RBS and its global restructuring group from Monday 25 November — the day that the Tomlinson Report was published. Jon Snow opened the piece by saying:- “They’re accused of deliberately driving viable small businesses into the ground – in order […]

December 17th, 2013 | Posted in Blog | Read More »

The Business Herald 2013 Review – Professional Services

Painting: Ed Kluz via AllThingsConsidered

By Ian Fraser Published: The Business Herald Date: 11 December 2013 Two of the biggest developments in Scottish professional services in the past year came when global firms set up large “back offices” in Glasgow, both with generous government grants. In April 2013, the accountants KPMG said it would establish “tax centre of excellence” on […]

December 11th, 2013 | Posted in Article Library | Read More »

RBS whistleblower: ‘It was simply outrageous what went on’

Photo:Ceasefire Magazine

December 7th, 2013 A former insider at Royal Bank of Scotland’s Irish subsidiary, Ulster Bank, has shed further light on the alleged systematic abuse of business customers by the bank’s “recovery and restructuring” arm, which includes Global Restructuring Group and West Register. In a candid interview with Ireland’s Sunday Independent the whistleblower – who is reported […]

December 7th, 2013 | Posted in Blog | Read More »

Bank robbery?

Lawrence Tomlinson pic via Caledonian Mercury

By Ian Fraser Published: Sunday Herald Date: December 1st, 2013 In a recent Business Focus, the Sunday Herald presented a rough guide to the £1 trillion of time bombs metaphorically ticking beneath the plush carpets of the Royal Bank of Scotland’s headquarters. What we didn’t predict was that two of these would explode in the […]

December 1st, 2013 | Posted in Article Library | Read More »

Tape recording reveals how RBS bullies small firms

RBS UK Uncut Here to fleece you

November 30th, 2013 [minor edits February 17th, 2014] The recording below gives a fair impression of the bullying methods deployed by RBS and its “restructuring and recovery” division, Global Restructuring Group, to extort money and impose crippling additional costs on its business customers. The critical point here is the main reason that Trihealth is struggling […]

November 30th, 2013 | Posted in Blog | Read More »

The “financial terrorism” of Royal Bank of Scotland

chainsaw-rbs

November 27th, 2013 (updated November 28th, 2013) (minor edits December 1st, 2013) Another of the banking scandals I’ve been covering for more than three years is gaining a wider audience, following the publication of the Tomlinson Report on Monday and this morning’s confirmation from the Financial Times that the Serious Fraud Office is “considering” an investigation into the […]

November 27th, 2013 | Posted in Blog | Read More »

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