Category: Fred Goodwin


Metro boss tells how he was glad to get away from RBS – and blasts banking rivals that STILL abuse their customers’ trust

By Vicki Owen, Financial Mail on Sunday Published: 22:03, 23 May 2015 | Updated: 11:01, 24 May 2015 It was not a difficult decision for Craig Donaldson when he was approached to help launch Metro Bank in the UK. Before…

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Billions in fines won’t change banks’ practices: Bloomberg View

By Syndicated columns Follow on Twitter on May 22, 2015 at 3:55 PM, updated May 22, 2015 at 3:56 PM By Matt Levine This combination made from file photos shows signage for four banks, Barclays, Citigroup, JPMorgan Chase, and the Royal…

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Tyrie’s Treasury committee rivals step aside

The Times Harry Wilson City Editor Last updated at 12:01AM, May 22 2015   Two of the challengers to Andrew Tyrie for the chairmanship of the Treasury select committee have effectively enabled him to be re-elected unopposed to one of…

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Alarm over return to ‘fatal’ high-risk loans

The Times Katherine Griffiths Banking Editor Last updated at 12:01AM, May 22 2015 Britain’s most senior financial regulator has warned building societies that they must not return to the “fatal” high-risk lending that helped trigger the financial crisis and led to…

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Barclays fined record $2.4bn over forex fix

Barclays paid $2.38bn to the regulators, including £284m to Britain’s financial watchdog Matt Dunham/AP The Times Harry Wilson, City Editor, and Alexandra Frean Published at 12:01AM, May 21 2015 Six of the world’s largest investment banks, including Barclays and Royal…

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RBS Assessing Conduct, Mulling Bonus Cuts After Currency Fine

Bloomberg Business by Richard Partington 4:19 PM BST May 20, 2015 Royal Bank of Scotland Group Plc is assessing the behavior of employees at its investment bank and considering bonus cuts after taking a $669 million fine from U.S. authorities for…

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Barclays and RBS among five major banks set to be fined £3.8bn by U.S. authorities for rigging foreign currency rates

By James Salmon for the Daily Mail Published: 22:00, 17 May 2015 | Updated: 22:58, 17 May 2015   UK giants as well as Citigroup, JP Morgan and UBS expecting huge fines Rogue traders, banks and brokers conspired to rig forex market…

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Social purpose cast aside as RBS crushes small businesses for profit

Move Your Money May 18, 2015 A modern society cannot function without banks. Whether it’s to provide a place to store your money, create payments between people and businesses, or to provide credit to those who need it, banks perform…

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Lloyds alleged to have ‘artificially distressed’ small business customers

Financial Times May 17, 2015 8:14 pm Jane Croft Lloyds Banking Group “artificially distressed” small business customers after they were “cynically” transferred to a support unit as banks sought to bolster their own balance sheets in the wake of the financial…

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Will we ever get our money back on RBS? George Osborne wants to start selling off the bank in the next year, but can it be done at a profit?

The Telegraph By James Titcomb 2:00PM BST 16 May 2015 Six and a half years ago, the Chancellor of the Exchequer, a clutch of ministers and civil servants, and the bosses of Britain’s banks huddled around a table at the…

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