Fred Goodwin

Tesco bank chief Higgins raids crisis-hit rivals to fill top positions

Published Date: 16 November 2008 BENNY Higgins, the new chief executive of Tesco Personal Finance, has poached senior names from crisis-hit Royal Bank of Scotland and HBOS, his former employers, with more expected to follow. As...

Ruth Sunderland: Barclays on a rocky road to Dunbankin

Alistair Darling is not the only one who will have a nerve-racking time on the day of the pre-Budget report a week tomorrow. As the Chancellor delivers his statement, Barclays chief executive John Varley will be feeling the...

RBS cuts 3,000 jobs

Royal Bank of Scotland is on the verge of cutting 3,000 jobs as it tries to survive the economic downturn. The bank, which is receiving a £20bn handout from the UK government, has not yet said where the axe will fall. But news...

How much is HBOS worth?

How much is HBOS worth? Photo: GETTY Since Lloyds and HBOS announced their deal on September 18 the market has swung between thinking Lloyds should slash its price on fears about HBOS' massive commercial property exposure and...

RBS chief raises doubts over sale of insurance arms

Published Date: 09 November 2008 STEPHEN Hester, the incoming chief executive of Royal Bank of Scotland, has raised further doubts about the sale of the group's insurance businesses due to the credit squeeze. Talks with two...

Nick Cohen: The myth of the banker on the edge ignores a wider misery

The Buckinghamshire coroner has yet to hear the case of Kirk Stephenson, but Fleet Street already knows why he threw himself in front of an express train. He was the "first City suicide of the credit crunch" (the Mirror). His...

Stephen Hester to court sovereign investors for RBS

Stephen Hester, the new chief executive of Royal Bank of Scotland, is to court sovereign wealth funds about buying shares in the stricken lender as part of its £20bn capital-raising. Stephen Hester: We have a team of people who...

The Myth of the Banker on the Edge Ignores a Wider Misery

Nick Cohen: The hope that the fallen rich will provide morality stories draws attention away from the real casualties of bubble markets The Buckinghamshire coroner has yet to hear the case of Kirk Stephenson, but Fleet Street...

Goodwin's suffering is nothing compared to his former staff's

Published Date: 08 November 2008 KNIGHT of the realm and former Royal Bank of Scotland boss Sir Fred Goodwin had the temerity to say how sad he was to be leaving the firm. Perhaps some of Goodwin's sadness and pain will be...

In a rich man’s world

As the dust slowly settles around the banking world’s Ground Zero, it’s instructive to peer into the hole and ponder the options that remain open to those who are reluctant to keep what’s left of their filthy lucre in the Bank...

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