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Capital flight – how RBS was shredded: Part Two

October 4, 2018 by Ian Fraser Leave a Comment

Capital flight – how RBS was shredded: Part Two

[Goodwin] told Alistair Darling that conditions were very bad and that RBS had been considering whether to stop lending to customers. Darling asked Goodwin what would resolve the situation and Goodwin said ‘long-term funding’. How ‘Fred the Shred’ continued to ignore the warning signals, nevertheless.

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