July 2012 « cantankerous

RBS Director: We’re clueless about IT, we need external consultants…

We’re clueless about IT, says RBS Board director

Chris Sullivan, head of RBS UK Corporate Banking, told the Northern Ireland assembly this morning that RBS would commission an independent review of the IT failure:

“I don’t think any of us are IT experts, so the board of RBS has commissioned independent consultants to look at the whole [...]

The truth that RBS wants to hide: The Ulster Bank system has collapsed and won’t be fixed even by 22nd July

Ulster Bank customers queue in the rain to get money

Ulster Bank is now claiming that most, not even all, customers accounts will be back to normal in the week beginning 16th July – that’s the week ending 22nd July. So, RBS will have taken more than a month to reach even an incomplete resolution. As cantankerous has [...]

What the CEO of Barclays Bank, Bob Diamond, really meant to say in that memo

Here’s Bob Diamond’s memo, with a few italicized changes to make it seem more sincere…

It has been an incredibly tough period for all of you given the nature and volume of negative comment that has come against Barclays in the past few days as I cling onto my ‘total remuneration package’ and sacrifice my friends whilst hanging [...]

GSK and Barclays: Excessive pay, weak corporate governance, greed and lack of ethics go together

Drugs company GSK has just been fined an astonishing $3 billion by regulators in the US for fraud which Deputy US Attorney General James Cole described as “unprecedented in both size and scope”. GSK marketed drugs for purposes for which they were unapproved, including to children, and failed to report adverse cardiovascular trial safety data. The [...]

The resignation of chairman Marcus Agius demonstrates the complete breakdown of corporate governance at Barclays Bank

Marcus Agius should, and could, have sacked Barclays CEO, Bob Diamond, over the LIBOR scandal, which has destroyed Barclays’ reputation with the public, regulators and governments, particularly in the UK and United States. It has also cost the bank more than a staggering one quarter of a billion pounds (about $450 million) so far, but multi-million [...]

cantankerous

Categories

Archives

RBS Director: We’re clueless about IT, we need external consultants…

The truth that RBS wants to hide: The Ulster Bank system has collapsed and won’t be fixed even by 22nd July

What the CEO of Barclays Bank, Bob Diamond, really meant to say in that memo

GSK and Barclays: Excessive pay, weak corporate governance, greed and lack of ethics go together

The resignation of chairman Marcus Agius demonstrates the complete breakdown of corporate governance at Barclays Bank

Recent Posts

Blogroll

Meta