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Ian Fraser - Shredded (Inside RBS, The Bank That Broke Britain) (2nd Hand Hardback)
SKU B000080
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Original price
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Synopsis
At its zenith, the Royal Bank of Scotland was the world's biggest bank. It had assets of $3 trillion, employed over 200,000 people, had branches on every high street and was admired and trusted by millions of borrowers and investors.
Now the mere mention of its name causes anger and resentment, and its former CEO, Fred Goodwin, is reviled as one of the architects of the worst financial crisis since 1929.
In Shredded, Ian Fraser lifts the lid on the catastrophic mistakes that led the bank to the brink of collapse, scrutinising the role played by RBS's directors who failed to check Goodwin's hubris, the colleagues who were overawed by his despotic leadership style, the politicians who created a regulatory free-for-all in which banks went virtually unsupervised, and the investors who egged Goodwin on.
As more and more toxic details emerge about the bank's pre- and post-bailout misconduct, which stretches from the ruination of numerous small businesses in the UK and Ireland to the criminal fiddling of Yen Libor, and from the alleged manipulation of global foreign-exchange markets to the wholesale 'mis-selling' of US mortgage bonds,
Ian Fraser examines what the future holds for RBS and whether it can ever regain the public's trust.
Details
- Format : Standard 2nd Hand Hardback with Dust Jacket
- Condition : As New
- Category : Non-Fiction - Economics, Business & Money
- Published : 2014 (Birlinn - 1st Edition)
- ISBN : 9781780271385
- SKU : SHB000080
- PPC : SP700gm
- RRP : £20
- Quantity Available : 1 only.
External Reviews
"Gripping tale of greed, narcissism and megalomania. A horror story of what happens where there is weak governance and lack of oversight. This is an absolutely shocking book - and begs the question - have we learned anything?" - Goodreads Review.
'Ian Fraser has produced a genuine page turner' - Alex Marsh, Pieria.
'The best financial book I've ever read. Thank you, Ian, for a public service' - Simon Bain, Herald.
'Not just the definitive book on the collapse of RBS but one of the best five books on the great financial collapse which changed the history of the 21st Century. Ian pulls no punches in his conclusions' - Russell Napier, CLSA.
'This book should be posted through the letterbox of every taxpayer in Britain' - David Mellor, former Chief Secretary to the Treasury.
'A rattling good read. Hubris, nemesis. Truly shocking' - Paul Rogerson, Law Society Gazette.