‘The ruin of the City of Glasgow Bank was the biggest collapse in British banking history – until 2008. Its story contains salutary lessons for bankers in any age…
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.
The events leading up to the crash began in New York, 7 September 2008. A week later the shock waves engulfed Scotland’s oldest bank in Edinburgh.
To mark the tenth anniversary of the financial crisis, Sceptical Scot’s new series focuses on home-made follies; the extraordinary mistakes made by two once revered and typically prudent Scottish institutions: the Bank of Scotland and the Royal Bank of Scotland.