Unfab Four: bosses of failed banks RBS and HBOS grilled by Treasury Committee, 9 February 2009, and why Crosby must step down from FSA
It was a case of “we’re sorry but we’re not to blame” at the Treasury Select Committee hearing on Tuesday […]
The curious incident of the regulator in the night–time
The media is barking up the wrong tree. Instead of obsessing about bonuses, they should be focusing on the HBOS
Stiglitz: Britain should have let basket case banks go bust
Professor Joseph Stiglitz, the Nobel prize-winning economist and author of Globalization and its Discontents, has said that the UK should
Knives are out for Fred, but non-executive directors must share the blame
Non-executive directors at RBS appear to have been a bunch of yes men and have much to answer for The
HBOS misled investors over £4bn rights issue, says former executive
Call for probe into ‘favourable gloss’ in rights issue prospectus. By Ian Fraser A FORMER Bank of Scotland senior executive
That sinking feeling
Government hopes that its latest raft of measures would persuade banks to start lending to each other again – and
£11m man: Huge bonuses for Matthew Greenburgh and other advisers on deal that brought RBS to its knees
Matthew Greenburgh and other investment bankers who engineered the catastrophic takeover deal that brought the Royal Bank of Scotland to
Do Merrill Lynch bankers know no shame?
The Merrill Lynch investment bankers who advised RBS, Santander and Fortis on their joint €71bn takeover of ABN Amro have
RBS to be sued by Ian Hamilton QC
The Royal Bank of Scotland to be sued for fraud by Ian Hamilton QC in the small claims court Ian
A wake for HBOS… and the birth of a new era?
Voodoo Club rises from banks’ ashes The scene was like that of a Jacobite conspiracy. Around 20 Scots from different
Universe is scrapped as World faces crippling financial issues
Having built The World, an archipelago of artificial islands that bear only a passing resemblance to the Mercator projection, building
Time to audit the auditors — and especially KPMG?
The House of Commons’ Treasury Select Committee is to cross-examine representatives of the audit profession later this month as part
The end of laissez-faire?
REGULATION: The cataclysmic events in the financial world have turned the tide against faith in the self-correcting power of the
Arise, Sir Sandy: the ups and downs of bagging a knighthood
Much speculation surrounds the knighthood of Sandy Crombie, chief executive of Standard Life, in the New Year honours, writes Ian
THE YEAR THE BANKS BROKE
Ian Fraser tells the story of how Scotland’s reputation for finance was destroyed by imperialistic bosses, toothless regulators and ‘deeply
World’s biggest fraudster reveals trade secrets on camera
Bernie Madoff, the most successful fraudster of all time, is captured on film explaining how Wall Street sophisticates are able
Archbishop Rowan Williams describes crisis as “reality check” for a sick society
ROWAN Williams, the Archbishop of Canterbury since 2002, was given a rough ride by the media earlier this year over
SEC “deeply troubled” by its own Madoff failures
Former Republican congressman Christopher Cox, who has been in the hot seat as chairman of the Securities & Exchange Commission
Madoff’s $50bn fraud points to urgent need for hedge fund reform
It beggars belief that so many supposedly ‘sophisticated’ investors allowed themselves to be hoodwinked by Bernie Madoff, the former chairman
Howard’s unorthodox riding style may yet cripple the black horse
Howard Brown, the Halifax teller-turned-minor celebrity, risks crippling his new steed, Lloyds TSB’s black horse, with his cavalier riding style. HBOS’s
“All they seemed to do for us was to take enormous fees” … the companies who say consultants jeopardised their businesses
BUSINESS customers of HBOS’s Bank of Scotland Corporate division in Southeast England claim that a former bank manager working alongside