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Bank boss blasts UK’s ‘Zimbabwe’ economics

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Sunday Times Date: 26 April 2009 Azeem Ibrahim argues against the government’s nationalisation of banks The British government’s “Zimbabwe-style” approach to fighting recession will lead to years of poor economic performance, according to a Glasgow-based entrepreneur. Azeem Ibrahim, chief executive of United Arab Emirates-based ECM Bank and …

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That sinking feeling

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By Ian Fraser Published: Sunday Herald Date: 25 January 2009 Government hopes that its latest raft of measures would persuade banks to start lending to each other again – and thus kickstart the economy – seem, so far, unfounded. So why are institutions reluctant to throw the cash around … …

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The end of HBOS

In Blog by Ian Fraser0 Comments

17 September 2008 Picture: Amelia Calvert HBOS — created from the expedient merger of Halifax and “Governor & Company of the Bank of Scotland” in September 2001 — is in its death throes. If the BBC’s business editor Robert Peston is to be believed, the bank is about to be …

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Closed for business

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By Ian Fraser Published: European Venture Capital Journal Date: 1 May 2008 In a year which has so far seen numerous write-offs and companies entering administration, the retail sector has been hit hard by the credit crunch and things are set to get even worse. But for some private equity …

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Goodwin hunting

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 30 December 2007 Businessperson of the Year: Sir Fred Goodwin THE €71 billion (£49bn) takeover of Dutch bank ABN Amro was a coup that has left little room for doubt. Sir Fred Goodwin, the 49-year-old chief executive of Royal Bank of Scotland (RBS) …

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Clearing up this mess is going to need “Voom”

In Blog by Ian Fraser0 Comments

16 September 2007 The financial crisis that was sparked by reckless lending and corruption in the US housing market and exacerbated by the myopic greed of banks and hedge funds and weak regulation on both sides of the Atlantic has entered an uglier phase. On Friday, September 14th, the crisis …