The Royal Bank of Scotland was once one of the most successful and profitable financial institutions in the world. Revered, admired, and trusted by millions of savers and investors, it was also an employer for tens of thousands of people, with branches on nearly every high street in the land. Now, the very mention of the bank’s name causes fury and resentment, and the former CEO, Fred Goodwin, is regarded by many as one of the principal culprits of the worst financial crash since 1929. In this account, award-winning financial journalist Ian Fraser reveals how the “light touch, limited touch” approach to financial regulation of New Labour and the aggressive, confrontational, autocratic, and reckless style of Fred Goodwin led to disaster, not just for the Royal Bank of Scotland, but for everyone in the United Kingdom. As more toxic secrets are revealed about Libor rate fixing and excessive bonuses, the book looks at the future for the bank and examines its chances of ever regaining the public’s trust.
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Ian Fraser is an award-winning journalist, commentator, and broadcaster who writes about business, finance, politics, and economics. His work has been published by BBC News, Dow Jones, the Economist, Financial Times, and Scotland’s Sunday Herald, among others.
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Anbieter: WorldofBooks, Goring-By-Sea, WS, Vereinigtes Königreich
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Anbieter: WorldofBooks, Goring-By-Sea, WS, Vereinigtes Königreich
Paperback. Zustand: Very Good. This is the definitive account of the Royal Bank of Scotland scandal. For a few brief months in 2007 and 2009, the Royal Bank of Scotland was the largest bank in the world. Then the Edinburgh-based giant - having rapidly grown its footprint to 55 countries and stretched its assets to 2.4 trillion under its hubristic and delinquent former boss Fred Goodwin - crashed to earth. InShredded, Ian Fraser explores the series of cataclysmic misjudgments, the toxic internal culture and the 'light touch' regulatory regime that gave rise to RBS/NatWest's near-collapse. He also considers why it became the most expensive bank in the world to bail out and why a culture of impunity was allowed to develop in the banking sector. This new edition brings the story up to date, chronicling the string of scandals that have come to light since taxpayers rescued RBS and concluding with an evaluation of the attempts of the bank's post-crisis chief executives, Stephen Hester and Ross McEwan, to dismantle Goodwin's disastrous legacy and restore the damaged institutions to health. 'A gripping account - RBS was a rogue business, operating in what had become a rogue industry, with the connivance of government. Read it and weep' Martin Woolf, Financial Times. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Artikel-Nr. GOR006260286
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Hardcover. Zustand: Good. Zustand des Schutzumschlags: Very Good. xvi, 512pp; central section of colour plates. Black cloth-covered boards; gilt titles on spine. 8vo. Bumped bottom front corners, rubbed spine ends, cocked. Text block edges just starting to tan, clear signs of use on fore edge. Internally neat, clean, bright and tight. Dust jacket has light shelf wear and chipping to edges, mirrors book damage. Artikel-Nr. 035956
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