14 May 2018
Lessons from the banking crisis
Background:Ian Fraser has uncovered several scams and shams of the big banks, particularly those taking place at RBS. Most recently this resulted in the shaming of RBS’s Global Restructuring Group that were using their powers over small business customers to ruin their businesses and takeover their assets, for the gain of the bank and the awarding of bonuses for the internal perpetrators. This was a sad indictment of big banking methods from the last decade, and Ian has been at the centre of exploring and exposing such activities.
Ian Fraser is an award-winning journalist, commentator and broadcaster who writes about business, finance, politics and economics. He has written for titles including The Economist, Financial Times, The Sunday Times, The Times, Daily Telegraph, Daily Mail, Mail on Sunday, Independent on Sunday, the Herald, Sunday Herald, BBC News, Thomson Reuters, Dow Jones, Accountancy, CA Magazine and Citywire.
His book, Shredded: Inside RBS, The Bank That Broke Britain, published in June 2014 and as a paperback in October 2015, explores how and why RBS, the world’s largest company by assets at the time of its collapse, became the world’s most expensive bank to bail out. The book — based on extensive interviews with more than 120 current and former RBS insiders, advisers, politicians, and others — was longlisted for the Financial Times and McKinsey Business Book of the Year and has received positive reviews including from FT chief economics correspondent Martin Wolf.