Home » Royal Bank of Scotland You are browsing entries tagged with “Royal Bank of Scotland”

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

boat_jan_06

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

IMG_4705

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 relaying such positive feedback. […]

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

The FCA appears no less ‘captured’ than its predecessor

2014-03-31T165537Z_4_CBREA2U13N200_RTROPTP_2_BRITAIN-FSA

June 27th, 2014 The Financial Conduct Authority, established in April 2013, has failed its first test. Its review of the interest rate swaps that were sold on an industrial scale by banks to gullible small business customers, especially in 2004-08, has fallen short on a number of fronts. (for more on the fraudulent / deceptive means the […]

June 27th, 2014 | Posted in Blog | Read More »

RBS job advert casts doubt on the assertions of Sach

derek-sachs-pic (1)

June 26th, 2014 The Royal Bank of Scotland seems to be rather confused over whether its infamous Global Restructuring Group is run as a “profit centre”. A job advertisement placed by the bank in January 2014, clearly states that the “role purpose” of relationship managers within GRG is to be “a major contributor to the […]

June 26th, 2014 | Posted in Blog | Read More »

RBS’s annual general meeting was more placid than usual

IMG_4625

June 26th, 2014 The Royal Bank of Scotland, which last year made losses of £8.2 billion, held its annual general meeting yesterday. The shareholders’ gathering was a slightly calmer affair than some of the recent ones I have attended. Held at the bank’s sprawling, campus-style “world headquarters” at Gogarburn, near Edinburgh – itself a monument to the hubris […]

June 26th, 2014 | Posted in Blog | Read More »

Swaps film: how banks ran rings around SMEs

maxresdefault

June 25th, 2014 This short film uses extracts from a telephone call between a bank salesman and one of its business customers to illustrate how a bank, thought to be the Royal Bank of Scotland, essentially conned the business into purchasing an interest-rate hedging product that would be seriously detrimental to its interests. The other two voices are Gary Kendall, a […]

June 25th, 2014 | Posted in Blog | Read More »

On the trail of Fred the Shred

RAF Tornado GR4

By Ian Fraser Published: Sunday Herald Date: 8 June 2014 Ian Fraser’s new book, Shredded – Inside RBS: the Bank that Broke Britain, has been acclaimed as the definitive account of the crisis. Here he reflects on the 13 things he learned along the long, hard road to publication (1) Fred the Shred was not […]

June 8th, 2014 | Posted in Article Library | Read More »

Shredded: ‘The pimp, the ghetto of fraud and the whorehouse of debt’

51X7rpKpfcL._

June 5th, 2014 (updated June 6th, 2014) It has been nearly two years in the making, but Shredded: Inside RBS The Bank That Broke Britain was published by Birlinn today. It’s a look at the Icarus-like ascent of RBS under former chartered accountant Fred “The Shred” Goodwin, and examines many aspects of the bank’s spectacular rise […]

June 5th, 2014 | Posted in Blog | Read More »

Lloyds sues RBS for £420m over ‘misleading’ rights issue

Image: BBC

By Ian Fraser Published: The Herald Date: 21 May 2014 In an unprecedented clash between two of the UK’s biggest banks, Lloyds Banking Group is suing government owned Royal Bank of Scotland over its “misleading” £12 billion rights issue. In what is seen as the first American-style class action to hit the English courts Lloyds – […]

May 21st, 2014 | Posted in Article Library | Read More »

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 »

Fraser on Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.