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Analysis and Comment (6)

RBS: Not as valuable as it used to be. RBS: Not as valuable as it used to be. David Cheskin/PA

RBS sale: bad for taxpayers, bad for banking

The UK could be about to make a multi-billion pound mistake. Plans to sell-off the 82% share of the Royal Bank of Scotland (RBS) and the 39% share of Lloyds owned by the taxpayer are gaining favour in…
Another day, another banking scandal: the UK Parliamentary Commission on Banking Standards has exposed the follies of the City’s badly behaved bankers. Another day, another banking scandal: the UK Parliamentary Commission on Banking Standards has exposed the follies of the City’s badly behaved bankers. AAP

London’s bad bankers thrown into the lion’s den

Though it rarely rates a mention in the Australian financial press, there is a spectacle in London at the moment that rivals even the most ferocious games at the Roman Colosseum. Almost every day, a bunch…
RBS joins the list of banks implicated in the ever-widening LIBOR scandal. RBS joins the list of banks implicated in the ever-widening LIBOR scandal. Flickr\ell brown

In the Tour de Finance, who will be the Lance Armstrong of the financial markets?

In his recent interview with Oprah Winfrey, Lance Armstrong belatedly admitted to taking illicit drugs throughout his career. But in doing so, he also shed light on a corrupt culture within the sport involving…
Failures of compliance and culture have been attributed to the RBS' misconduct in the LIBOR manipulation scandal. Failures of compliance and culture have been attributed to the RBS' misconduct in the LIBOR manipulation scandal. AAP

The long tail of the LIBOR scandal: RBS settlement opens the gate to civil penalties

The fallout from the London Interbank Offered Rate (LIBOR) scandal continues apace with the announcement on Wednesday that the Royal Bank of Scotland (RBS) had reached a $US612 million settlement with…
Barclays' manipulation of the LIBOR has raised questions about the Bank of England’s lack of regulatory oversight. Barclays' manipulation of the LIBOR has raised questions about the Bank of England’s lack of regulatory oversight. AAP

Barclays scandal poses uncomfortable questions for Serious Fraud Office

The United Kingdom has had a remarkably poor track record in prosecuting serious economic fraud. In part, this can be traced to deficiencies in the toolkit available to the Serious Fraud Office, a fact…