Ian Fraser

Award winning journalist and commentator

Why Bank Bosses Partying at Gleneagles Is a Crisis Warning

Why Bank Bosses Partying at Gleneagles Is a Crisis Warning Indicator

What is it about the Gleneagles Hotel and the Scottish banks? Is there something in the water at the opulent 1920s Perthshire spa and golfing resort - or perhaps in the generous single malt Scotch whiskies that are often served there - that causes Scottish bankers to lose their minds and embark on crazily ambitious growth plans?
01/12/2015 12:36 GMT
Chivas Defies 'Whisky Loch' Fears With New Speyside

Chivas Defies 'Whisky Loch' Fears With New Speyside Distillery

The production plant's glass-fronted still room houses eight copper pot stills, with tulip shapes used for the wash stills and onion shapes used for the spirit stills, replicating those used at the Imperial Distillery. In a departure from distillery tradition, the stills are arranged in a circular pattern, which gives an unusual feeling of spaciousness in the still room.
23/07/2015 14:29 BST
Accusations of 'Systemic Institutionalised Fraud' at RBS Fall on Deaf

Accusations of 'Systemic Institutionalised Fraud' at RBS Fall on Deaf Ears

The Royal Bank of Scotland's annual general meeting was once a genteel affair frequented by ladies from Morningside. But it is becoming more and more bizarre with each passing year and the surrealistic nature of the event has intensified since the Edinburgh-based institution was bailed out with £45.5 billion of taxpayers' money.
08/06/2012 10:25 BST
Looks Like Fred Goodwin May Face Criminal Charges After

Looks Like Fred Goodwin May Face Criminal Charges After All

Despite having spent an estimated £10m on its report into the failure of RBS the FSA has failed to find any smoking guns. The regulator's chairman Lord Turner has found no evidence that anyone at the bank or at its advisers deserves to be punished, as none actually broke any rules.
14/12/2011 15:32 GMT
Lloyds Chairman Sir Win Bischoff Has Made a String of Catastrophic

Lloyds Chairman Sir Win Bischoff Has Made a String of Catastrophic Blunders

One of the leader articles in today's <a href="http://www.ft.com/cms/s/1ecc3c6a-1b6b-11e1-85f8-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F1ecc3c6a-1b6b-11e1-85f8-00144feabdc0.html&_i_referer=http%3A%2F%2Fwww.ianfraser.org%2Flloyds-chairman-sir-win-bischoff-has-made-a-string-of-catastrophic-blunders%2F#axzz1f918OdG9" target="_hplink"><em>Financial Times</em></a> is very well-written. It highlights the boardroom failures, and particularly the failure of the non-executive directors, at Lloyds Banking Group.
01/12/2011 10:08 GMT
Democracy for Sale: Occupy Wall Street is Right, our Politicians and Banks Have Failed

Democracy for Sale: Occupy Wall Street is Right, our Politicians and Banks Have Failed us

If, when they rescued bankrupt institutions from the consequences of their own folly in 2007-09, governments had insisted on some sort of conditionality, (for example, they had insisted that "too big to fail" institutions were broken up, that bonuses be capped and that banks started behaving in vaguely responsible ways), this need not have happened.
19/10/2011 11:56 BST
On Banking, Cameron is

On Banking, Cameron is Clueless

David Cameron displayed an astonishing lack of understanding of the banking sector in his <a href="http://news.bbc.co.uk/today/hi/today/newsid_9606000/9606912.stm" target="_hplink">interview with Sarah Montague </a>on the BBC Radio 4 Today programme on Tuesday morning (as I'm afraid did Sarah, given her blinkered obsession with "bonuses").
05/10/2011 13:12 BST