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Footage of Sir Fred Goodwin apologising to Royal Bank of Scotland shareholders is to be shown on television for the first time. The BBC Scotland documentary comes on the third anniversary of the bail-out of the Edinburgh-based banking group by the British taxpayer. RBS ran up the biggest corporate loss in British history. His apology will be shown on Monday in RBS: Inside the Bank that Ran Out of Money.
Apart from showing the former chief executive's final encounter with investors, the documentary will also include other unseen footage of meetings with analysts and journalists, including one where Sir Fred Goodwin states that the bank's exposure to the sub-prime market in the United States was....Read more here---> BBC News - Sir Fred Goodwins RBS apology to be broadcast
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Giving evidence to the Treasury Select Committee about the Financial Services Authority’s report into RBS, Sir David Walker, a City veteran and former chairman of Morgan Stanley International, accepted that the findings amounted to an official censure. Under questioning by Michael Fallon MP, Sir David said the report had censured Sir Fred by drawing attention to the “accumulation of poor decisions which were poor by the standards of the time”. David Cameron has already asked the Honours Forfeiture Committee to review the knighthood and has particularly requested the FSA report be taken into account......Read more here---: Boost for campaign to strip Sir Fred of knighthood - Telegraph