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RBS ‘Dash for Cash’ scandal: 500 firms suing bank turn anger on regulator

By Ian Fraser Published: Sunday Herald Date: 16 October 2016 A GROUP of almost 500 businesses suing the Royal Bank of Scotland for allegedly destroying their firms and seizing their assets is threatening legal action against the Financial Conduct Authority if it does not immediately publish its long-awaited report into the scandal. The central allegation […]

October 16th, 2016 | Posted in Article Library | Read More »

RBS fails to get two key elements in £33m swaps case struck out

26 April 2016 By Ian Fraser A High Court ruling over evidence relating to its rigging of Libor and the destruction of businesses via its global restructuring group, looks like a turning point for RBS The Royal Bank of Scotland has failed in its attempt to strike out key elements of a major claim against its activities, concerning both its infamous […]

April 26th, 2016 | Posted in Blog | Read More »

Open Letter to Nicola Sturgeon—are bankers ‘above the law’?

4th March 2016 [UPDATED 10TH MARCH 2016 TO INCLUDE A STATEMENT FROM POLICE SCOTLAND] It is increasingly apparent that our supposedly “independent” prosecutorial agencies — which include the Crown Prosecution Service in England and Wales, and the Crown Office and Procurator Fiscal Service in Scotland — are useless when it comes to high-level fraud committed […]

March 4th, 2016 | Posted in Blog | Read More »

Businesses trashed by RBS ‘vampire unit’ refuse to co-operate with FCA appointed sleuths

By Ian Fraser Published: Sunday Herald Date: 4 October 2015 Businesspeople who claim to have been ruined by RBS’s Global Restructuring Group are refusing to co-operate with a firm hired by the Financial Conduct Authority to investigate the scandal, potentially derailing the probe into the bank’s so-called “vampire unit”. The RBS GRG Business Action Group […]

October 4th, 2015 | Posted in Article Library | Read More »

RBS lawyers fail in attempt to distance themselves from Fred Goodwin as trial approaches

By Ian Fraser Published: Sunday Herald Date: 2 August 2015 The Royal Bank of Scotland has lost a fight to have its former chief executive, Fred Goodwin, excluded from the coming trial over its ‘misleading’ £12.3 billion rights issue. Sonia Tolaney QC, the bank’s lead barrister, told the High Court in London last week that […]

August 2nd, 2015 | Posted in Article Library | Read More »

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

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 markets were being manipulated, or […]

November 12th, 2014 | Posted in Blog | Read More »

Hard hats for bankers

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 been the bank’s chief executive […]

October 13th, 2014 | Posted in Article Library | Read More »

A true rebranding … or lipstick on a pig?

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 the nation thinking. Is this […]

August 17th, 2014 | Posted in Article Library | Read More »

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

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 director Nathan Bostock then answered […]

July 12th, 2014 | Posted in Blog | Read More »

Shredded Tweets

July 7th, 2014 Here is a selection of tweets about Shredded: Inside RBS The Bank That Broke Britain which was published by Birlinn Books on 6 June (a few other Shredded Tweets are posted here). I’d like to thank all the senders of these messages for buying the book, reading it, and for their positive feedback. It’s heartening […]

July 7th, 2014 | Posted in Blog | Read More »

Fraser on Twitter

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