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Chargement... Making it Happen: Fred Goodwin, RBS and the Men Who Blew Up the British Economy (2013)par Iain Martin
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Inscrivez-vous à LibraryThing pour découvrir si vous aimerez ce livre Actuellement, il n'y a pas de discussions au sujet de ce livre. See also SH Archive, box of papers on Royal Bank of Scotland and 'RBS and Crisis History till July 2012' in SH Archive Box Banking Crisis (2007-2009) UK. This was recommended to me by my solicitor as Covid-19 lockdown reading, then purchased from my local independent bookstore as an exercise in solidarity with local businesses devastated by the pandemic. Martin opens a window on the murkiness of the Royal Bank of Scotland (RBS), showing managers apparently driven by greed, vanity and dreams of empire, with a suspicion of incompetence and possibly even a dash of unabashed evil. Add delusional politicians, conniving auditors and regulators, then watch mayhem ensue with the damage falling on the general public. It would be as unwise to suppose the banking culture has improved since 2008, or to think that bankers at a local level exhibit a probity and professionalism their bosses lack. I have had the singular distinction of witnessing a bank manager in Glasgow unable to add together ten identical sums; RBS staff it seems even lack basic numeracy. aucune critique | ajouter une critique
When RBS collapsed and had to be bailed out by the taxpayer in the financial crisis of October 2008 it played a leading role in tipping Britain into its deepest economic downturn in seven decades. The economy shrank, bank lending froze, hundreds of thousands lost their jobs, living standards are still falling and Britons will be paying higher taxes for decades to pay the clean-up bill. How on earth had a small Scottish bank grown so quickly to become a global financial giant that could do such immense damage when it collapsed? At the centre of the story was Fred Goodwin, the former chief executive known as "Fred the Shred" who terrorised some of his staff and beguiled others. Not a banker by training, he nonetheless was given control of RBS and set about trying to make it one of the biggest brands in the world. It was said confidently that computerisation and new banking products had made the world safer. Only they hadn't... Based on more than 80 interviews and with access to diaries and papers kept by those at the heart of the meltdown, this is the definitive account of the RBS disaster, a disaster which still casts such a shadow over our economy. In Making It Happen, senior executives, board members, Treasury insiders and regulators reveal how the bank's mania for expansion led it to take enormous risks its leaders didn't understand. From the birth of the Royal Bank in 18th century Scotland, to the manic expansion under Fred Goodwin in the middle of a mad boom and culminating in the epoch-defining collapse, Making It Happen is the full, extraordinary story. Aucune description trouvée dans une bibliothèque |
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Google Books — Chargement... GenresClassification décimale de Melvil (CDD)332.160941090511Social sciences Economics Finance Banking Bank Mergers and ConcentrationClassification de la Bibliothèque du CongrèsÉvaluationMoyenne:
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