Category: Fred Goodwin


RBS faces legal action over ‘systemic fraud’ in interest rate swap sales

Posted by Chris.Goodfellow in Regulation on Tue, 24/02/2015 – 13:09 RBS faces legal action from a number of entrepreneurs who claim its interest rate swap products forced them into insolvency. The financial products have been part of a Financial Conduct…

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Vince-Cable-demands-know-RBS-bankers-not-prosecuted

Vince Cable demands to know why RBS bankers have not been prosecuted as he piles on pressure to bring Fred Goodwin and other former bosses to account Voters wondering why RBS bankers have not been pursued, Cable has said There…

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More skeletons in the RBS closet?

As a £14.5m fine for poor mortgage advice highlights organisational issues at the bank, James Moore wonders what other revelations may emerge Royal Bank of Scotland has returned to the bottom of the banking class, with a £14.5m fine for…

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Papering over the RBS cracks

Papering over the cracks The decision by RBS to dissolve its Global Restructuring Group, an arm of the bank that stands accused of destroying viable UK businesses for profit, will do little to repair the damage caused to the bank’s…

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£17m bonuses for ‘thieving’ RBS loan unit

Jason Allardyce and Iain Dey Published: 27 July 2014 THE taxpayer-owned bank RBS has awarded bonuses worth £17m to bankers in its controversial “turnround” unit, which has been accused of killing off small businesses for profit. Vince Cable, the business…

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Ian Fraser: RBS is a ‘Rogue Institution’ and is Dangerously in Denial About Tomlinson

The Royal Bank of Scotland was guilty of “acting like a rogue institution” towards its struggling business customers, according to author Ian Fraser, who has a history of arraigning RBS in books articles and documentaries. Speaking to IBTimes TV about…

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Shredded Inside RBS The Bank That Broke Britain: ‘The pimp, the ghetto of fraud and the whorehouse of debt’

 By Ian Fraser CLICK HERE TO BUY SHREDDED from AMAZON or BIRLINN or WATERSTONES or THE GUARDIAN BOOK SHOP It has been nearly two years in the making, but Shredded: Inside RBS The Bank That Broke Britain was published by Birlinn on 05/06/2014. It’s…

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Mervyn King: City risks getting another Fred Goodwin

DAILY TELEGRAPH By Anita Singh, and Denise Roland  25 May 2014 Former governor of the Bank of England warns that City must not become complacent to risks in financial system Mervyn King, former governor of the Bank of England, has warned the…

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Lloyds sues RBS for £420m over ‘misleading’ rights issue

21/05/14 by Ian Fraser In an unprecedented move, taxpayer-backed Lloyds Banking Group is suing Government-owned Royal Bank of Scotland over the Gogarburn-based bank’s “misleading” £12 billion rights issue. In what is seen as the first American-style class action to hit…

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Whistleblower: how RBS ‘deliberately destroyed’ firms

Exclusive: a whistleblower from RBS’s shadowy GRG unit claims that staff destroyed businesses “that didn’t need destroying” in an attempt to help save the bank during the credit crisis.

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