Monday, March 12, 2012

A Turning Point?

Three former directors of The Royal Bank of Scotland, including the infamous Fred Godwin, are being sued by a group of investors for an eye-watering £2.4bn. (http://www.thisislondon.co.uk/business/business-news/former-rbs-top-brass-hit-by-24bn-claim-7562444.html)

I know this is very early days, but if this is successful, this is just the sort of thing that would ensure the directors of banks did not act in such a cavalier fashion in the future.  there is nothing like the threat of poverty to focus the mind!

Nick

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