Shredded: The Rise and Fall of the Royal Bank of Scotland

The Royal Bank of Scotland was once one of the most successful and profitable financial institutions in the world. Revered, admired, and trusted by millions of savers and investors, it was also an employer for tens of thousands of people, with branches on nearly every high street in the land. Now, the very mention of the bank’s name causes fury and resentment, and the former CEO, Fred Goodwin, is regarded by many as one of the principal culprits of the worst financial crash since 1929. In this account, award-winning financial journalist Ian Fraser reveals how the “light touch, limited touch” approach to financial regulation of New Labour and the aggressive, confrontational, autocratic, and reckless style of Fred Goodwin led to disaster.