Sir Fred Loses His High Honor
First without a bank to run, and now without honor, Fred Goodwin, former head of the Royal Bank of Scotland was stripped of his knighthood today.
Introducing Mr Fred Goodwin, former Knights Bachelor…
Some will see this as further evidence that the Daily Mail runs the country….The Forfeiture Committee has reached a decision.Sir Fred Goodwin, disgraced, despised loathed,...
Snap news
Breaking pre-market news on Tuesday,- RBS sells RBS Aviation Capital - statement.- Dixons underlying like-for-like sales down 5 per cent – statement.- Premier Foods...
RBS on those S&P downgrades
A quick summary of Jacques Cailloux’s thinking on the Euro sovereign debt downgrades — Caillou being chief european economist at RBS…The market implications...
[SFTW] Salmond is on the hook
Alex Salmond looks smug as a bug right now. His popularity in the Scottish polls is approaching that of Nicolai Ceausescu when he was running Romania. He should be careful what he wishes for....
10 “notes” from RBS
End of era, etc…1. We will restructure our existing GBM and GTS Divisions:· The “Markets” business will maintain its focus on fixed income,...
RBS to Exit Cash Equities, M&A in Restructuring Plan
Details of the Royal Bank of Scotland’s long-awaited restructuring plan are finally out.
[SFTW] No more Shelling out for pensions
So even Royal Dutch Shell has decided that the oil business is hard enough, without running a life assurance scheme for employees on the side. There is now not a single company...
Snap news
Breaking pre-market news on Thursday,- International Airlines Group signs binding agreement to buy BMI for £172.5m — statement.- A small country will leave the Eurozone...
Super senior moments at RBS
It’s the middle of 2007. Executives at RBS are joining the dots about how even super senior tranches of CDOs offer scant protection in the face of a tsunami of subprime defaults....
