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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 »

Europe’s future: Whatever it takes

By Ian Fraser Published: The Treasurer Date: 1 March 2016 Policymakers in Brussels and within European parliaments still face turbulence as they endeavour to encourage growth and restore unity. Treasurers are more sanguine, but likewise treading carefully. Ian Fraser reports Back in July 2012, after a turbulent period when the euro’s very survival seemed to […]

March 1st, 2016 | Posted in Article Library | Read More »

UK regulators pronounce on HBOS

By Ian Fraser Published: Financial Intelligencer Date: 18 November 2015 Seven years since HBOS crashed and burned, we are about to find out why, from a report to be jointly published on Thursday morning by the UK’s Financial Conduct Authority and Prudential Regulation Authority (part of the Bank of England). The Edinburgh-based bank, which had assets […]

November 18th, 2015 | Posted in Article Library | Read More »

Petrobras scandal’s key witness speaks out

By Ian Fraser Published: The Financial Intelligencer Date: 13 November 2015 The former oil industry executive whose evidence kicked off the corruption probe into Brazilian energy giant Petrobras – a scandal which has tipped Brazil into recession and may yet bring down its government – has spoken out for the first time since entering a […]

November 13th, 2015 | Posted in Article Library | Read More »

Punch-up in a brewery as Tennent’s faces legal challenge from “Nordic” beer minnow

By Ian Fraser Published: Sunday Herald Date: 11 October 2015 London-based drinks business Kolson has accused Glasgow-based Tennent Caledonian Breweries of damaging its business after a contract-brewing deal between the two firms turned sour. Tennent’s owner C&C Group, though, counter claims that Kolson’s actions are simply a “smokescreen” designed to avoid payment to Tennent’s. The war […]

October 11th, 2015 | Posted in Article Library | 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 »

CLEANING UP

By Ian Fraser Published: The Treasurer Date: 1 October 2015 Corruption, scandal and bribery are commonplace in the world, but what action is being taken to eradicate these crimes? And what can treasurers do to avoid them? Ian Fraser reports In September 1977, Sir Richard Dobson made some off-the-cuff remarks he would come to regret. […]

October 1st, 2015 | Posted in Article Library | Read More »

Pressure grows on RBS as victims of restructuring scandal cry foul at “conflicted” advisors

By Ian Fraser Published: Sunday Herald Date: 30 August 2015 A former Aberdeen oil firm owner who accuses RBS of “stitching up” his business has criticised the bank for appointing the accountancy firm that handled his firm’s administration to review alleged wrongdoing by RBS’s global restructuring group (GRG). Rod Coffey, former chief executive of Stable […]

August 30th, 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 »

The Moldovan Connection

By Ian Fraser and Richard Smith Published: Sunday Herald Date: 21 June 2015 How modest homes in some of Scotland’s poorest areas became prolific ‘company factories’. The inside story by Ian Fraser and Richard Smith. (Photo: Google Street View) It’s a humble ground-floor flat in Royston Mains Street in Pilton – the Edinburgh housing estate […]

June 21st, 2015 | Posted in Article Library | Read More »

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