RBS shareholders angered by Goodwin return

clock

Royal Bank of Scotland (RBS) shareholders have reacted with anger to the appointment of former CEO Fred Goodwin as an adviser to an architectural firm.

The infamous banker - dubbed "Fred the Shred" - left RBS in September 2008 with a controversial pension pot after steering the bank to near collapse at the height of the financial crisis. But before Christmas, Goodwin was appointed senior adviser to Scottish architectural firm RMJM - his first appointment since his acrimonious exit from RBS. The firm was involved in the construction of the Scottish Parliament building. Members of the RBS Shareholder Action Group, which is fighting a legal battle against RBS for its rights issue in May 2008, have reacted with anger at the appointment. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

AI adoption not a 'must' for advice industry but it can leverage services

AI adoption not a 'must' for advice industry but it can leverage services

‘You are not struggling for clients, so it is a great place to be.’

Isabel Baxter
clock 01 May 2024 • 1 min read
Long-term financial planning proving increasingly difficult

Long-term financial planning proving increasingly difficult

Cash ISAs were the preferred vehicle for those planning over the long-term

Sahar Nazir
clock 01 May 2024 • 1 min read
Financial Conduct Authority's regulation 'lacks coherent vision'

Financial Conduct Authority's regulation 'lacks coherent vision'

‘It does feel like the wind has been in our faces over the past few months’

Isabel Baxter
clock 01 May 2024 • 2 min read