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Osborne should break up RBS and Lloyds, not chase a fast buck

In Blog by Ian Fraser0 Comments

March 11th, 2015 Britain’s banks would never have been able to get away with behaving as badly as they have, to missell as many financial products or ruin as many viable business customers if their sector had been subject to proper competition, the former entrepreneur-in-residence at the Department of Business Innovation and …

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The dog that eats up debt

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 21 December 2014 [Note this the unedited version of a business focus article published in the Sunday Herald on 21 December 2014] Banks including the Royal Bank of Scotland and Lloyds Banking Group have found a new way of freshening up their balance sheets …

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Paul Mason is right to be angry with RBS

In Blog by Ian Fraser0 Comments

November 12th, 2014 This is brilliant off-the-cuff reporting by Paul Mason, economics editor of Channel 4 News. It’s all very well for the Royal Bank of Scotland’s chief executive Ross McEwan to claim to be angry that some of his bank’s traders rigged the FX markets in order to rip off the bank’s …

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Was Mallett thrown to the wolves to save BoE’s skin?

In Blog by Ian Fraser1 Comment

November 12th, 2014 Guest Post by Rowan Bosworth-Davies One of the major unexplained elements in the foreign exchange (forex) rigging case is the level of knowledge of manipulative activity possessed by the Bank of England. If it, as a leading market participant and a regulator, had prior knowledge that the forex …

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Hard hats for bankers

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By Ian Fraser Published: Business Quarter (BQ) Date: 13 October 2014 At a dinner to mark the departure of chief executive Stephen Hester in September 2013, the Royal Bank of Scotland’s finance director Bruce van Saun gave Hester’s anointed heir, Ross McEwan, an unusual present. Hester, a keen horseman, had …

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Banks’ swap-for-swap deals anger campaigners

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By Ian Fraser Published: The Times Date: 29 September 2014 Small businesses, MPs and campaigners are calling for an inquiry into the Financial Conduct Authority’s handling of banks’ mis-selling of complex financial products to small businesses. Guto Bebb, a Conservative MP and chairman of an all-party parliamentary group on the …

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A true rebranding … or lipstick on a pig?

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By Ian Fraser Published: Mail on Sunday (Scottish edition) Date: 17 August 2014 RBS’s decision to scrap the three-letter acronym it has used for eleven years and assert its heritage by readopting the Royal Bank of Scotland title and refurbishing branches with a “heather, tartan and tweed” theme will get …

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RBS: papering over the cracks

In Article Library by Ian Fraser1 Comment

By: Ian Fraser Published: Sunday Herald Date: 17 August 2014 The decision by RBS to dissolve its Global Restructuring Group, an arm of the bank that stands accused of destroying viable UK businesses for profit, will do little to repair the damage caused to the bank’s beleaguered reputation. By Ian …

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Ross McEwan: “RBS is a yacht with a spinnaker up”

In Blog by Ian Fraser0 Comments

July 13th, 2014 On 2 May 2014, the Royal Bank of Scotland’s New Zealand-born chief executive, Ross McEwan, unveiled a surprisingly strong set of financial results for the bank that he has led since 1 October 2013. But has it really turned the corner? McEwan the and RBS’s outgoing finance …