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Shredded - Inside RBS, The Bank That Broke Britain (Paperback, New Edition)
Loot Price: R491
Discovery Miles 4 910
You Save: R49
(9%)
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Shredded - Inside RBS, The Bank That Broke Britain (Paperback, New Edition)
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List price R540
Loot Price R491
Discovery Miles 4 910
You Save R49 (9%)
Expected to ship within 9 - 15 working days
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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 GBP2.4 trillion under its
hubristic and delinquent former boss Fred Goodwin - crashed to
earth. In Shredded, 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
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