Fred Goodwin

(Newser) - Sir Fred Goodwin is now just Fred Goodwin—or, as critics call the disgraced former Royal Bank of Scotland chief, Fred the Shred. The British government, saying Goodwin's bungling helped trigger the worst recession in the UK since WWII, has stripped him of the knighthood he was awarded in...

(Newser) - After the Edinburgh home of the former boss of the Royal Bank of Scotland was vandalized last night, an unknown group is warning of further attacks on financial figures, the Scottish Daily Record reports. Sir Fred Goodwin has been the focus of controversy since he took early retirement—complete with...

(Newser) - Royal Bank of Scotland is preparing to issue new stock after conceding it was facing serious cash flow problems. After consulting with the Treasury and the nation's financial oversight authority, Britain's second-largest bank is planning a rights issue for around $24 billion to rebuild its capital reserves. The move may...