Wealthy Scots hit by AIG fund freeze
Furious investors who claim they were badly advised about the enhanced fund may lose millions Thousands of Britain’s wealthiest investors, […]
2008
Uncertain legacy of the man who broke Royal Bank of Scotland
AS the Royal Bank of Scotland announces that the reign of chief executive Sir Fred Goodwin will officially end on
Scottish Agenda: Get used to a world that gives less credit
Fall of banks paints bleak future for Scotland’s economy “Meltdown Monday”, which saw the effective nationalisation of both Royal Bank
Listed firms urged to have in-house audits
Lord Smith, chair of SSE and Weir Group, has hardened his stance and feels that all companies would benefit from
How Lloyds’ advisers clashed with those of HBOS at 3am and nearly scuppered Darling and Brown’s bank rescue plan
Last weekend, two brawling investment bankers nearly brought down the entire capitalist system. As the finishing touches were being put
Can politicians really make banking leopards change their spots?
MARKETS IN MELTDOWN: The UK government’s £500 billion bail‑out could backfire by giving banks licence to continue their reckless behaviour
Finger of blame points at audit firms
Accountants missed ‘red flags’ at failing banks. By Ian Fraser THE FINGER of blame for the crisis that has crippled
It takes a woman to remind us what the markets are for
Despite the best efforts of various governments to cauterise the problem of collapsed and collapsing banks, we are this weekend
The sage of St Colme Street: Why was nobody listening?
Ian Rushbrook, the Edinburgh-based fund manager once described as a “perma-bear”, was for many years a voice in the wilderness.
Dubai’s economic miracle (literally and figuratively) built on sand
Cracks are starting to appear in the the economic miracle that was Blingopolis, otherwise known as Dubai. The over-stretched and
After the fall
As the world braces itself for the consequences of the collapse of the financial system, a new model will have
Britain fiddles while the credit market burns
100% deposit guarantee for Irish banks worries UK rivals IN THE Whitehall of Sir Humphrey and James Hacker, it was
Fears over staff pensions as Strathclyde takes a hit
UK’S largest local authority pension fund, the £9bn Strathclyde Pension Fund, has admitted it has been caught out by the
Storm clouds gathering
With the threat of recession looming and a private equity market that punches well beneath its weight, the future for
Currency management: A long road ahead
PRODUCT FOCUS: ACTIVE CURRENCY MANAGEMENT Strathclyde and Lothian pension funds are just some of the investors that are allocating money
Americans tell Wall Street: Why should we bail you out?
Henry “Hank” Paulson pitched it as a panacea for America’s financial woes. But, despite the warnings from US president George
The management incompetence and cosy political stitch-up that spelt curtains for HBOS
Lloyds TSB chairman Sir Victor Blank has convinced himself that with HBOS he’s getting the pride of British banking on
The subprime crisis explained… by John Bird and John Fortune
In case you missed it when it was first aired last year, this sketch by John Bird and John Fortune
‘Scores of people have spoken to me about this deal and voiced their concerns. They are genuinely horrified’
The inside story of how Lloyds TSB swallowed up HBOS and attempts to block the deal IT WAS presented as
Call to sack HBOS directors
HBOS directors including Andy Hornby were asleep at the wheel and should not be allowed to hop across to the
Listening to the world
INTERVIEW OF THE WEEKDell founder Michael Dell They may wear big hats in Texas. But Michael Dell, founder, chairman and