Shredded: Inside RBS, The Bank That Broke Britain

Author:   Ian Fraser
Publisher:   Birlinn General
ISBN:  

9781780271385


Pages:   304
Publication Date:   06 June 2014
Format:   Hardback
Availability:   Out of stock   Availability explained
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Shredded: Inside RBS, The Bank That Broke Britain


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Overview

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. A trusted 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 the one of the principal culprits of the worst financial crash since 1929.

Full Product Details

Author:   Ian Fraser
Publisher:   Birlinn General
Imprint:   Birlinn Ltd
Dimensions:   Width: 15.60cm , Height: 5.10cm , Length: 23.40cm
Weight:   1.014kg
ISBN:  

9781780271385


ISBN 10:   1780271387
Pages:   304
Publication Date:   06 June 2014
Audience:   General/trade ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock   Availability explained
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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Reviews

'The definitive account of the Royal Bank of Scotland fiasco. It's an engaging, if in some ways infuriating, tale of how self-serving bank executives systematically broke the rules, lent with astonishing recklessness, abused customers and got suckered by Wall Street - before ultimately dumping their mess on the taxpayers. Fraser doesn't just point the finger at Royal's clueless bankers. He also expertly chronicles the role of misguided regulations, captured supervisors and deluded politicians in fuelling this catastrophe' - Yves Smith, founder of Naked Capitalism and author of ECONNED: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism 'This book should be posted through the letterbox of every taxpayer in Britain' - David Mellor, former chief secretary to the Treasury and secretary of state for National Heritage 'Ian Fraser has spotted stories, uncovered scandals and written about them in a detailed and accessible way that leaves many other financial journalists in the dust' - Eamonn O'Neill, director of the MSc course in investigative journalism at the University of Strathclyde 'A rattling good read. Hubris, nemesis. Truly shocking' - Paul Rogerson, Law Society Gazette 'A manual for understanding banks, the financial crisis, and also corporate greed and hubris' - P.C. Dettman 'Explosive' - Tom Harper, Independent on Sunday 'The best financial book I've ever read. Thank you, Ian, for a public service' - Simon Bain, The Herald 'Engrossing, fascinating and appalling - a fast-paced and sickeningly-depressing exposition of what can go wrong when corporate governance fails' - Ruth Bender, Cranfield University 'Not just a book about RBS but about something profound that happened ethically in our country' - Russell Napier, CLSA 'Take a good look at this book because this is going to be skyrocketing up the bestseller lists around the world ... I get the impression that [Fred Goodwin] becomes like a ghetto pimp, he becomes ghetto rich, you know these pimps, they make a few bucks, and they get the flashy car, and the fancy fur coat, and they strut around the ghetto. So here you have the ghetto of financial fraud, and there's Fred Goodwin flashing his cash like a pimp, and the rest of the banking industry, they emulate that, they're like 'we want to be pimps too'. [Goodwin was strutting his stuff as he lured all and sundry into RBS's] whorehouse of debt. This is the definitive text, and I'm thinking of Barbarians at the Gate which came out about Kohlberg Kravis Roberts and the RJR Nabisco deal. This is an instant classic' - Max Keiser 'Shredded is a definitive and unflinching 435-page account of exactly what went wrong ... a compelling book for Scotland, for finance and for the political and business world' - Bill Jamieson, Scotsman


'Shredded is a magnificent book. I regard it as one of the best investigative books of the past decade' - Eamonn O'Neill BBC Radio Scotland'The definitive account of the Royal Bank of Scotland fiasco. It's an engaging, if in some ways infuriating, tale of how self-serving bank executives systematically broke the rules, lent with astonishing recklessness, abused customers and got suckered by Wall Street - before ultimately dumping their mess on the taxpayers. Fraser doesn't just point the finger at Royal's clueless bankers. He also expertly chronicles the role of misguided regulations, captured supervisors and deluded politicians in fuelling this catastrophe' - Yves Smith, founder of Naked Capitalism and author of ECONNED: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism 'This book should be posted through the letterbox of every taxpayer in Britain' - David Mellor, former chief secretary to the Treasury and secretary of state for National Heritage 'Ian Fraser has spotted stories, uncovered scandals and written about them in a detailed and accessible way that leaves many other financial journalists in the dust' - Eamonn O'Neill, director of the MSc course in investigative journalism at the University of Strathclyde 'Take a good look at this book because this is going to be skyrocketing up the bestseller lists around the world ... I get the impression that [Fred Goodwin] becomes like a ghetto pimp, he becomes ghetto rich, you know these pimps, they make a few bucks, and they get the flashy car, and the fancy fur coat, and they strut around the ghetto. So here you have the ghetto of financial fraud, and there's' Fred Goodwin flashing his cash like a pimp, and the rest of the banking industry, they emulate that, they're like 'we want to be pimps too'. [Goodwin was strutting his stuff as he lured all and sundry into RBS's] whorehouse of debt. This is the definitive text, and I'm thinking of Barbarians at the Gate which came out about Kohlberg Kravis Roberts and the RJR Nabisco deal. This is an instant classic' - Max Keiser 'A rattling good read. Hubris, nemesis. Truly shocking' - Paul Rogerson, Law Society Gazette 'A manual for understanding banks, the financial crisis, and also corporate greed and hubris' - P.C. Dettman 'Explosive' - Tom Harper, Independent on Sunday 'The best financial book I've ever read. Thank you, Ian, for a public service' - Simon Bain, The Herald 'Engrossing, fascinating and appalling - a fast-paced and sickeningly-depressing exposition of what can go wrong when corporate governance fails' - Ruth Bender, Cranfield University 'Not just a book about RBS but about something profound that happened ethically in our country' - Russell Napier, CLSA 'Magisterial - the most detailed catalogue to date of the errors and misdemeanours leading up to RBS's 2008 collapse and the failure - in Fraser's view - to reform the bank in its aftermath' - Colin Donald, The Herald 'Shredded is a monument of painstaking analysis and research into Scotland's greatest financial failure since Darien. As such it serves as a model of the journalist's craft, Zola-esque in its broad and unsparing study of corporate hubris and nemesis and haunting in the questions it leaves in its wake' - Bill Jamieson, The Scotsman 'Shredded is a monumental book, well written, impeccably researched and hard to put down at any point' - Financial Times


'The definitive account of the Royal Bank of Scotland fiasco. It's an engaging, if in some ways infuriating, tale of how self-serving bank executives systematically broke the rules, lent with astonishing recklessness, abused customers and got suckered by Wall Street - before ultimately dumping their mess on the taxpayers. Fraser doesn't just point the finger at Royal's clueless bankers. He also expertly chronicles the role of misguided regulations, captured supervisors and deluded politicians in fuelling this catastrophe' - Yves Smith, founder of Naked Capitalism and author of ECONNED: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism 'This book should be posted through the letterbox of every taxpayer in Britain' - David Mellor, former chief secretary to the Treasury and secretary of state for National Heritage 'Ian Fraser has spotted stories, uncovered scandals and written about them in a detailed and accessible way that leaves many other financial journalists in the dust' - Eamonn O'Neill, director of the MSc course in investigative journalism at the University of Strathclyde 'Take a good look at this book because this is going to be skyrocketing up the bestseller lists around the worl ... I get the impression that [Fred Goodwin] becomes like a ghetto pimp, he becomes ghetto rich, you know these pimps, they make a few bucks, and they get the flashy car, and the fancy fur coat, and they strut around the ghetto. So here you have the ghetto of financial fraud, and there's' Fred Goodwin flashing his cash like a pimp, and the rest of the banking industry, they emulate that, they're like 'we want to be pimps too'. [Goodwin was strutting his stuff as he lured all and sundry into RBS's] whorehouse of debt. This is the definitive text, and I'm thinking of Barbarians at the Gate which came out about Kohlberg Kravis Roberts and the RJR Nabisco deal. This is an instant classic' - Max Keiser 'A rattling good read. Hubris, nemesis. Truly shocking' - Paul Rogerson, Law Society Gazette 'A manual for understanding banks, the financial crisis, and also corporate greed and hubris' - P.C. Dettman 'Explosive' - Tom Harper, Independent on Sunday 'The best financial book I've ever read. Thank you, Ian, for a public service' - Simon Bain, The Herald 'Engrossing, fascinating and appalling - a fast-paced and sickeningly-depressing exposition of what can go wrong when corporate governance fails' - Ruth Bender, Cranfield University 'Not just a book about RBS but about something profound that happened ethically in our country' - Russell Napier, CLSA


'The definitive account of the Royal Bank of Scotland fiasco. It's an engaging, if in some ways infuriating, tale of how self-serving bank executives systematically broke the rules, lent with astonishing recklessness, abused customers and got suckered by Wall Street - before ultimately dumping their mess on the taxpayers. Fraser doesn't just point the finger at Royal's clueless bankers. He also expertly chronicles the role of misguided regulations, captured supervisors and deluded politicians in fuelling this catastrophe' - Yves Smith, founder of Naked Capitalism and author of ECONNED: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism 'This book should be posted through the letterbox of every taxpayer in Britain' - David Mellor, former chief secretary to the Treasury and secretary of state for National Heritage 'Ian Fraser has spotted stories, uncovered scandals and written about them in a detailed and accessible way that leaves many other financial journalists in the dust' - Eamonn O'Neill, director of the MSc course in investigative journalism at the University of Strathclyde 'Take a good look at this book because this is going to be skyrocketing up the bestseller lists around the worl ... I get the impression that [Fred Goodwin] becomes like a ghetto pimp, he becomes ghetto rich, you know these pimps, they make a few bucks, and they get the flashy car, and the fancy fur coat, and they strut around the ghetto. So here you have the ghetto of financial fraud, and there's' Fred Goodwin flashing his cash like a pimp, and the rest of the banking industry, they emulate that, they're like 'we want to be pimps too'. [Goodwin was strutting his stuff as he lured all and sundry into RBS's] whorehouse of debt. This is the definitive text, and I'm thinking of Barbarians at the Gate which came out about Kohlberg Kravis Roberts and the RJR Nabisco deal. This is an instant classic' - Max Keiser


Author Information

Ian Fraser is an award-winning journalist, commentator and broadcaster who writes about business, finance, politics and economics. His work has been published by among others The Sunday Times, The Economist, Financial Times, BBC News, Thomson Reuters, Dow Jones, Daily Mail, Mail on Sunday, Independent on Sunday, the Herald, Sunday Herald, The Scotsman, Accountancy, CA Magazine and Citywire.

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