Why have RBS Bankers Not Been Prosecuted

Voters cannot understand why the bankers who oversaw the collapse of RBS have not been pursued by prosecutors, Vince Cable said last night.
The Business Secretary piled pressure on the authorities to bring Fred Goodwin and other former bosses to account.
A legal report prepared for Mr Cable is understood to have concluded there was ‘prosecutable evidence’ against several of the bank’s executives.
They steered RBS into the biggest corporate disaster in British history, leaving taxpayers with a £45billion bill for its […]

By |February 1st, 2015|Fred Goodwin, RBS|0 Comments

Fred Goodwin legal bill costs taxpayers nearly £500k

TAXPAYERS have paid almost £500,000 in legal fees to defend disgraced former bank boss Fred Goodwin in a case which has not even come to court yet.
Law firms representing four former directors of Royal Bank of Scotland have already racked up £400,000 in defence costs over a lawsuit brought by shareholders.
And if the case does reach the courts, the final bill is expected to total tens of millions of pounds.
Mr Goodwin’s legal fees are being paid by the bank […]

Shredded – Inside RBS, The Bank That Broke Britain

BOOK REVIEW: This brilliant book is the definitive story of the hubris behind RBS’s fall, says Bill Jamieson
Surely now we know everything there is to know about the collapse of RBS and one of the biggest financial debacles for a century? Well, not quite.
The compelling power of this book – indeed, its monumental achievement – is to provide a definitive account, not only of the failure of what was briefly one of the world’s biggest banks, but also to […]

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Shareholders 4-year wait for RBS action verdict

A VERDICT in the shareholder action against Royal Bank of Scotland is unlikely to emerge until 2017 or 2018 – a decade after the controversial rights issue at the centre of the claim.
Action groups suing the bank for billions of pounds in damages do not expect the case to come to the High Court until at least 2016 and some fear that there will be more ­delays.
Four separate groups allege RBS misled investors about its financial strength at the […]

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    RBS ‘£100bn black hole’ – taxpayers £45bn stake at Risk

RBS ‘£100bn black hole’ – taxpayers £45bn stake at Risk

British taxpayers risk losing their entire £45bn stake in Royal Bank of Scotland (RBS) which is in grave danger of failing within 10 years, according to an explosive new book.
A new study of the disgraced bank, which brought the UK to the brink of financial ruin, reveals RBS still has a £100bn “black hole” in its finances due to “five broad areas of alleged criminality and wrongdoing”.
They include the mis-selling of financial products such as payment protection insurance, the […]