Category: Fred Goodwin


RBOS & Nomura Breaking Laws in the Mortgage Bubble

The New York Times By THE EDITORIAL BOARD MAY 15, 2015 The government won a big victory this week in a case against two banks that were found to have systematically deceived investors about shoddy mortgage securities they peddled during the…

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SBCB quick to respond to Sir Phillip Hampton’s denial

Letters to the Editor Published at 12:01AM, May 11 2015 Sir, Your leading article (“Asset Turnover”, May 7) claims that Royal Bank of Scotland systematically pushed small and medium-sized businesses into default to improve the bank’s balance sheet. We strongly…

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Barclays and Royal Bank of Scotland hit with penalties worth nearly £3bn for rigging foreign exchange markets

By City & Finance Reporter for the Daily Mail Published: 21:55, 10 May 2015 | Updated: 21:55, 10 May 2015 Barclays and Royal Bank of Scotland will this week be hit with penalties worth nearly £3bn for rigging the foreign…

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Osborne speeds £35bn sale of RBS and Lloyds

Election win clears way for quick exit from Royal Bank of Scotland — and cut-price retail offer of shares in Lloyds The Sunday Times Aimee Donnellan Published: 10 May 2015 GEORGE OSBORNE is set to fast-track a £35bn sale of…

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Goliath may have bullied the little man, but don’t forget the Philistines

The Times Published at 12:01AM, May 6 2015 Royal Bank of Scotland has behaved reprehensibly. Its “global restructuring group” has driven countless small businesses into bankruptcy in an attempt to shore up its own dire finances. GRG staff were trained…

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RBS stands accused of forcing companies into default to improve its balance sheet

  The Times Published at 12:01AM, May 7 2015 The language of finance can be arcane but the business of commercial banking is simply defined. Banks put together people who have capital and want a return on it with businesses…

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Tyrie demands Commons recall for RBS in ‘asset-stripping’ row

  The Times James Hurley Published at 12:01AM, May 6 2015 Royal Bank of Scotland must explain to MPs whether it misled them over the activities of its global restructuring group, Andrew Tyrie said yesterday. The most recent chairman of…

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‘Vampire division preyed on clients’ it was meant to save

James Hurley: The Times Enterprise Editor Published at 12:01AM, May 5 2015 See also: SBCB TOP STORIES 05/05/2015: RBS Stripped assets of struggling companies: Racing Car Driver Lawrence Tomlinson with inside track: ‘In my worst nightmares I never thought that the bank would…

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‘In my worst nightmares I never thought that the bank would do this to me

James Hurley Published at 12:01AM, May 5 2015 See also: SBCB TOP STORIES 05/05/2015: RBS Stripped assets of struggling companies: Vampire Division preyed on clients: Racing Car Driver Lawrence Tomlinson with inside track. Surinder Hullait, a Birmingham entrepreneur who developed…

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RBS ‘stripped assets’ of struggling companies

James Hurley Enterprise Editor Published at 12:01AM, May 5 2015 Royal Bank of Scotland was under pressure to strip companies of their assets to improve its balance sheet, The Times can reveal. The bank’s global restructuring group, which was supposed…

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