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

Understanding the investment appeal of the energy addition

Understanding the investment appeal of the energy addition

Positive change takes time

Tim Humphreys
clock 11 March 2026 • 4 min read
Chaos is not a ladder: Navigating human behaviour at times of market stress

Chaos is not a ladder: Navigating human behaviour at times of market stress

'It is important to maintain perspective'

Sacha Chorley
clock 09 March 2026 • 4 min read
Four reasons why direct engagement can still make a difference

Four reasons why direct engagement can still make a difference

'Quantitative data arguably tells only half the story'

Simon Wood
clock 05 March 2026 • 4 min read