Where am I? 
Home Better Business
Sir Fred Goodwin’s apology to Royal Bank of Scotland (RBS) shareholders is to be broadcast on television for the first time.
The bank's former chief executive was responsible for running up the biggest corporate loss in British history and his apology came when he met shareholders for the last time before resigning in October 2008.
The footage will be shown on BBC One Scotland tonight in the documentary ‘RBS: Inside the Bank that Ran Out of Money'.
In it, Goodwin responds to a call from one investor, Mr Blackie, to apologise.
He says: "Well, Mr Blackie - wouldn't want there to be any doubt. I am extremely sorry.
"I echo the sentiments and - I am extremely sorry, extremely sad to be leaving the company at these extremely difficult times.
"There can be no question other than that I am extremely sorry."
The documentary will also assess the bank's involvement in the US sub-prime property market and its pursuit of the Dutch-based banking group, ABN Amro.
| Share | |
| Comment | Fred the Shred apology to be broadcast |
More better business news
Email alerts
Recommended reading
Categories
Topics
Comments
Related articles
Most Read
Audio / Visual
With the industry's biggest fund managers, IFAonline welcomes you to the media centre.
This year we have 14 awards designed to mark out the very best products in a highly competitive and innovative market. This includes three new awards for 2011 to reflect the developments in this rapidly growing market: Best Dual/Multi-Index Product, Best Structured (Oeic) Fund and Best Structured Product Provider.
Events
Poll
|
|
Job search
Ifaonlinejobs will open the right investment career path for you. Search hundreds of vacancies on www.ifaonlinejobs.co.uk now
In Focus
Viewpoints
About 2.66 million people are looking to increase the amount of money...
sponsored by
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment