Tag: RBS
Too big to reform? How banks capture the state
‘What we have done is to allow the banks to get away with this scot-free and, in the crisis that was caused, we have made the poor pay for it and we have made them do that through cutting benefits, through austerity, through cutting government spending generally, but also through Quantitative Easing (QE)..’
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Conclusion? RBS Shredded Part Four
If the right moves are made, RBS could become a great bank again. If not, Ian Fraser doubts the bank will exist in ten years’ time. An ethical revolution is required
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The Guilty Men: RBS Shredded Part Three
As RBS crashed there was only one man in the driving seat – but his fellow passengers could have helped to steer a safer course. Edited and abridged extracts from Ian Fraser’s best selling Shredded identify four guilty men.
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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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How RBS was shredded: Part One
‘We don’t care if customers are made to suffer, as long as we save our skins,’ continuing our tenth anniversary series, Ian Fraser translates ‘banker-speak’ as Royal Bank of Scotland desperately struggled to survive a record-breaking pre-tax loss of £691 million in 2008
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