Shredded, Inside RBS The Bank That Broke Britain by Ian Fraser.
Requirements: Any .EPUB reader. 1.2Mb
Overview: Shredded explores how, under Fred Goodwin, (a former partner at accountants Deloitt) .R.B.S. became a rogue institution with few qualms about, “misselling” financial products to individual and business customers in pursuit of profit, a cavalier disregard for the law and a warped idea of its own financial skills and strength. The bank’s collapse, though triggered by the September 2008 bankruptcy of Lehman Brothers, was largely the consequence of its pursuit of scale for its own sake. This was epitomised by reckless bubble era lending to frothy sectors including commercial property and leveraged buyouts, its naive faith in subprime derivatives even after they were rejected by savvvier Wall Street firms, and of course its ill conceived €71.1bn takeover of ABN Amro. It outlines how: by terrorising subordinates, ingratiating himself to his superiors, gaming financial regulations and misleading politicians, Goodwin created a poisonous cocktail that ensured the bank could blow up at any time. But the book makes clear it wasn’t all Goodwin’s fault.
Genre: Non fiction, true crime.
Download Instructions
https://www.datafilehost.com/d/bf3d214a
https://douploads.net/9enf43mji32x
Requirements: Any .EPUB reader. 1.2Mb
Overview: Shredded explores how, under Fred Goodwin, (a former partner at accountants Deloitt) .R.B.S. became a rogue institution with few qualms about, “misselling” financial products to individual and business customers in pursuit of profit, a cavalier disregard for the law and a warped idea of its own financial skills and strength. The bank’s collapse, though triggered by the September 2008 bankruptcy of Lehman Brothers, was largely the consequence of its pursuit of scale for its own sake. This was epitomised by reckless bubble era lending to frothy sectors including commercial property and leveraged buyouts, its naive faith in subprime derivatives even after they were rejected by savvvier Wall Street firms, and of course its ill conceived €71.1bn takeover of ABN Amro. It outlines how: by terrorising subordinates, ingratiating himself to his superiors, gaming financial regulations and misleading politicians, Goodwin created a poisonous cocktail that ensured the bank could blow up at any time. But the book makes clear it wasn’t all Goodwin’s fault.
Genre: Non fiction, true crime.
Download Instructions
https://www.datafilehost.com/d/bf3d214a
https://douploads.net/9enf43mji32x