26 March 2009

Vandals attack ex-UK bank chief's home


Vandals have attacked the home of a former British banking boss amid ongoing public outrage at his pension payout of about STG700,000 ($A1.48 million).

Police were called to the Edinburgh home of former Royal Bank of Scotland (RBS) chief executive Sir Fred Goodwin about 4.30am local time on Tuesday after three ground-floor windows were smashed.

The windows of a Mercedes S600 parked in the driveway of the two-storey stone villa were also broken.

Sir Fred, 50, sparked anger when he took early retirement late last year after the bank was given a STG20 billion ($A42.23 billion) cash injection from the British government.

RBS revealed last month that it made a STG24.1 billion ($A50.89 billion) loss in 2008, the biggest loss in British corporate history.

Detectives were examining the damage at Sir Fred's home on Tuesday morning.

It is believed he was not at home when vandals attacked.

When he left his job last October, Sir Fred rejected repeated calls for a cut in his pension payout, which was branded as "obscene" by some MPs and "unjustifiable" by Prime Minister Gordon Brown.

Sir Fred earned the nickname "Fred the shred" for cutting hundreds of jobs during his nine years at RBS

ninemsn 25 Mar 2009


The Banking and Finance is a VERY private and ELITE 'boys club'.

The 'official' news in the 'mass media' state the the worlds LARGEST DEPOSITS of GOLD are in LONDON and NEW YORK.

The 'Anglo' - Masonic capitals of the financial world.

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