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 […]
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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
“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
HBOS faces hard questions over use of troubleshooters who misappropriated company money
MPs demand answers over role of consultants and actions of sacked Bank of Scotland executive Investigation by Paul Hutcheon HALIFAX
Scots bid to rescue HBOS from takeover
Top bankers launch boardroom coup TWO of Scotland’s most prominent bankers yesterday launched an audacious coup to take control of
Danger of death: Which audit firm will go down first?
The accountancy firms that audited our distressed banks are coming under increased scrutiny The partners of “Big Four” accountancy
Plan leads to ‘poverty in old age’
Lifecycle investing, in which an individual’s pension plan is invested in more volatile asset classes such as equities during their
Allocations to Asia higher than Europe
Limited partners are keen to balance exposure to the US and European Union LIMITED partners, battered by the credit crunch,
Lloyds TSB denies taking ‘slash and burn’ approach to Scotland
Gloves come off as English bank threatens to sue The Scotsman Lloyds TSB’s most senior Scottish-based executive has talked up
Firms fear future as feast turns to famine
Crisis could be existential for some of Scotland’s professional services firms The humbling of Scotland’s once proud and buccaneering banking
Universities: Funds needed to give ‘Celtic tiger’ its teeth
Scotland’s first minister Alex Salmond wants to boost economic growth and transform Scotland into a “Celtic tiger”. But he is
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,
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
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
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