Fred the Shred's alleged affair 'irrelevant' to RBS failure

Laura Miller
clock

Royal Bank of Scotland chief executive Fred Goodwin's alleged affair had no impact on the downfall of the bank, the Financial Services Authority (FSA) has decided.

In May, Sir Fred Goodwin faced claims from MPs that his alleged affair with a senior colleague could have affected his judgment as the RBS collapsed. Goodwin took out an injunction to stop details of his private life from being brought into the public domain. There were also demands at the time for him to be re-interviewed by the FSA as it was compiling its long-awaited report into the 2008 collapse of RBS, and suspicion the injunction had prevented the report becoming public. But in the findings of its investigation, out today, the FSA denied Goodwin's legal action had any impact ...

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 Regulation

Ex-Janus Henderson analyst jailed for insider dealing and money laundering

Ex-Janus Henderson analyst jailed for insider dealing and money laundering

Former analyst's sister also sentenced

Linus Uhlig
clock 07 July 2025 • 2 min read
Advertising watchdog upholds complaint against car rental 'investment' firm

Advertising watchdog upholds complaint against car rental 'investment' firm

Second complaint to be upheld against the business in just over a month

Jen Frost
clock 07 May 2025 • 4 min read
FCA seeks feedback on cryptoasset trading regulation

FCA seeks feedback on cryptoasset trading regulation

Aims to build confidence in the sector

Patrick Brusnahan
clock 02 May 2025 • 1 min read