Shredded

Shredded PDF Author: Ian Fraser
Publisher: Birlinn
ISBN: 0857906232
Category : Business & Economics
Languages : en
Pages : 498

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Book Description
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 £2.4 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

Shredded

Shredded PDF Author: Ian Fraser
Publisher: Birlinn
ISBN: 0857906232
Category : Business & Economics
Languages : en
Pages : 498

Get Book Here

Book Description
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 £2.4 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

The Rise and Fall of the City of Money

The Rise and Fall of the City of Money PDF Author: Ray Perman
Publisher: Birlinn Ltd
ISBN: 178885229X
Category : Business & Economics
Languages : en
Pages : 512

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Book Description
It started and ended with a financial catastrophe. The Darien disaster of 1700 drove Scotland into union with England, but spawned the institutions which transformed Edinburgh into a global financial centre. The crash of 2008 wrecked the city's two largest and oldest banks – and its reputation. In the three intervening centuries, Edinburgh became a hothouse of financial innovation, prudent banking, reliable insurance and smart investing. The face of the city changed too as money transformed it from medieval squalor to Georgian elegance. This is the story, not just of the institutions which were respected worldwide, but of the personalities too, such as the two hard-drinking Presbyterian ministers who founded the first actuarially-based pension fund; Sir Walter Scott, who faced financial ruin, but wrote his way out of it; the men who financed American railways and eastern rubber plantations with Scottish money; and Fred Goodwin, notorious CEO of RBS, who took the bank to be the biggest in the world, but crashed and burned in 2008.

The History of the Royal Bank of Scotland, 1727-1927

The History of the Royal Bank of Scotland, 1727-1927 PDF Author: Neil Munro
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 508

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Book Description


Mystery of Banking, The

Mystery of Banking, The PDF Author: Murray Newton Rothbard
Publisher: Ludwig von Mises Institute
ISBN: 1610163842
Category : Banks and banking
Languages : en
Pages : 322

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Book Description


Free Banking in Britain

Free Banking in Britain PDF Author: Lawrence Henry White
Publisher:
ISBN: 9780255363754
Category : Banks and banking
Languages : en
Pages : 178

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Book Description
Free banking, generically speaking, denotes a monetary system without a central bank, under which the issuing of currency is left to private banks. This book explores how this could work in practice by examining how this has worked historically, specifically in the United Kingdom in the early 19th century. After building a theory of free banking, its central chapters explore the history of Scotlands experience of free banking and the contemporary policy debate over the question of whether Parliament should allow free banking in England. The final chapters bring the debate forward and examine how free banking could work in modern times. The result is a significantly revised and update edition of a book about privately issued currency.

The Story of the Commercial Bank of Scotland, Limited, During Its Hundred Years, from 1810-1910

The Story of the Commercial Bank of Scotland, Limited, During Its Hundred Years, from 1810-1910 PDF Author: James Lawson Anderson
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 176

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Book Description


Financial Stability without Central Banks

Financial Stability without Central Banks PDF Author: George Selgin
Publisher: London Publishing Partnership
ISBN: 0255367538
Category : Business & Economics
Languages : en
Pages : 90

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Book Description
George Selgin is one of the world's foremost monetary historians. In this book, based on the 2016 Hayek Memorial Lecture, he shows how a system of private banks without a central bank can bring about financial stability through self-regulation. If one bank stretches credit too far, it will be reined in by the others before the system as a whole gets out of control. The banks have a strong incentive to ensure an orderly resolution if a particular bank is facing insolvency or illiquidity. Selgin draws on evidence from the era of 'free banking' in Scotland and Canada. These arrangements enjoyed greater financial stability, with fewer banking crises, than the English system with its central bank and the US model with its faulty government regulation. The creation of the Federal Reserve appears to have increased the frequency of financial crises. The book also includes commentaries by Kevin Dowd and Mathieu Bédard. Dowd asks whether free-banking systems should be underpinned by a gold standard, which he regards as a tried-and-tested institution at the heart of their success. Bédard challenges the assumption that the banking sector is inherently unstable and therefore requires state intervention. He argues that increases in government control have made the banking system more prone to crisis.

Experience of Free Banking

Experience of Free Banking PDF Author: Kevin Dowd
Publisher: Routledge
ISBN: 1134945604
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
First Published in 1992. Routledge is an imprint of Taylor & Francis, an informa company.

The Living Mountain

The Living Mountain PDF Author: Nan Shepherd
Publisher: Canongate Books
ISBN: 0857863606
Category : Nature
Languages : en
Pages : 140

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Book Description
In this masterpiece of nature writing, Nan Shepherd describes her journeys into the Cairngorm mountains of Scotland. There she encounters a world that can be breathtakingly beautiful at times and shockingly harsh at others. Her intense, poetic prose explores and records the rocks, rivers, creatures and hidden aspects of this remarkable landscape. Shepherd spent a lifetime in search of the 'essential nature' of the Cairngorms; her quest led her to write this classic meditation on the magnificence of mountains, and on our imaginative relationship with the wild world around us. Composed during the Second World War, the manuscript of The Living Mountain lay untouched for more than thirty years before it was finally published.

British Banking

British Banking PDF Author: John Orbell
Publisher: Taylor & Francis
ISBN: 1351954687
Category : Business & Economics
Languages : en
Pages : 674

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Book Description
This substantially expanded new edition of the Guide to the Historical Records of British Banking contains details of over 700 archive collections held in local record offices, university and local libraries and of course, banks. This monumental reference work facilitates a wider knowledge and understanding of the history of British finance.