Cable pushes for quicker Fred Goodwin prosecution

clock

Business secretary Vince Cable has pushed Scottish prosecutors to speed up action against Fred Goodwin and other former directors of Royal Bank of Scotland (RBS).

Cable has written to Lord Wallace, the government's top legal adviser in Scotland, demanding a decision on prosecution is made "as quickly as possible" due to considerable public concern "about the actions of the directors of RBS prior to insolvency", the Telegraph reports. Goodwin, who was stripped of his knighthood last year, could face being struck off, alongside former RBS investment bank head Johnny Cameron. Several other ex-directors also face punishment for their role in the near-collapse of the lender. However, Cable believes there has been a lack of progress in pursuing them aft...

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 Investment

Beyond the 60/40: Why the traditional portfolio blueprint is being tested again

Beyond the 60/40: Why the traditional portfolio blueprint is being tested again

'Bonds should not be doing all the defensive work'

Will Dickson
clock 09 July 2026 • 4 min read
SEI to launch two LTAFs in private markets 'expansion'

SEI to launch two LTAFs in private markets 'expansion'

‘Mansion House ambition’

Cristian Angeloni
clock 03 July 2026 • 1 min read
Darius McDermott: Building a resilient portfolio in a concentrated market

Darius McDermott: Building a resilient portfolio in a concentrated market

'A well-balanced portfolio should also take in the broadest possible range of growth opportunities'

Darius McDermott
clock 01 July 2026 • 5 min read