Feeling sorry for Fred Goodwin?
Don’t just get rid of Fred Goodwin’s knighthood – let’s rethink the honours system as a whole says Jon Snow.
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Don’t just get rid of Fred Goodwin’s knighthood – let’s rethink the honours system as a whole says Jon Snow.
An order granting anonymity to Sir Fred Goodwin is lifted at the High Court after a Peer revealed details of an injunction taken out by the former bank boss regarding an alleged extra-marital affair.
Protected by parliamentary privilege, Lib Dem peer Lord Stoneham reveals more details about a super-injunction taken out by former RBS boss Sir Fred Goodwin.
Sir Tom McKillop, Fred’s Chairman at RBS back then, still has his “K.” Plain Mr Andy Hornby, boss of HBOS, seems to have rather missed the boat. His Chairman at HBOS, Lord Stevenson has a CBE, a knighthood and a peerage … for years he chaired the committee that decides who is fit to be a peer, he currently sits on the main committee that decides who should get honours. So he’s pretty safe, I reckon.
Former Chancellor Alistair Darling has branded as “tawdry” the stripping of ex-RBS boss Fred Goodwin’s knighthood and suggested the banker had been singled out.
The bigger picture here is that the entire political class is struggling right now with the border between the state and the British banking system. Far more important than de-honouring, is de-leveraging. Project Merlin has come to an end, I am told by senior bankers, and some banks have smashed their targets, and others have missed them. All will be revealed in the upcoming bank results season.
Mr Fred Goodwin is “sir” no longer at a time of maximum political convenience to the government as it wrestles with a very public and toxic row over bankers’ bonuses, writes Gary Gibbon.
Former Royal Bank of Scotland chief executive Fred “the shred” Goodwin loses his knighthood in a “very political strip show”, as Channel 4 News Political Editor Gary Gibbon reports.
Consideration of whether former RBS boss Sir Fred Goodwin should be stripped of his knighthood is likely to take some time reports Political Editor Gary Gibbon.
The shredding of Sir Fred Goodwin’s glassware has an awful inevitability about it. His own behaviour may have led to his demonisation. It’s hard to see how his position can improve until either the authorities act (if there’s a provable case against him) or he tries to make some kind of amends.
Given that this was the first occasion that any of the bosses of the failed banks had appeared in any forum to give an account of their role in the turmoil that has beset Britain’s banking system, today’s scene in the House of Commons was low key, to say the least. The man the financial…
The BNP Paribas announcement turned out to be the starting gun to the global financial crisis.
Prime Minister David Cameron ducks Labour demands for the government to veto individual bonuses paid to RBS bankers.
With gas and electricity bills soaring, cabinet minister Ed Davey tells the energy companies they should stop “squeezing” their customers in pursuit of higher profits.
Former HBOS chief executive Sir James Crosby says he will ask for his knighthood to be removed and will forego 30 per cent of his pension after last week’s report into the bank’s collapse.