There was chaos at Buckingham Palace this morning after the Queen was informed that all her bank accounts at Coutts & Co, a wholly owned subsidary of the Royal Bank of Scotland, have been frozen in retaliation for the divestiture of Fred Goodwin. In a tersely worded letter posted on the railings at Buckingham Palace, the bank informed Her Majesty that due to a complete breakdown of trust i...

Ed Miliband MP, Leader of the Opposition and Leader of the Labour Party, said today in a speech at the Thomson Reuters Building: This has been a turbulent week for the British banking industry. On Sunday, Stephen Hester gave back his bonus, and on Tuesday, the forfeiture committee revoked Fred Goodwin's knighthood. But these moments do really not change anything in themselves. This is about m...

Residents of Paisley in west Scotland, where the former RBS chief executive was raised, are divided over the move to strip him of his knighthood

A knighthood stripped, a bonus given up, a punitive tax regime, and excessive regulation. Jeremy Warner reports.

Anxiety is growing in political and business circles about the precedent set by stripping former RBS chief Fred Goodwin of his knighthood

David Cameron could be dragged into difficult territory if the Government has to take a position on the activities of other rogue businessmen.

The Labour MP and former Chancellor believes due process has not been followed in stripping former RBS CEO Fred Goodwin of his knighthood, saying it is a sign of bad government.

Fred the Shred's had a shredding of his own, as his knighthood goes into the same bin as Mussolini and Mugabe's. But this is a rather unsatisfactory form of retribution for a man who failed big-time but didn't actually commit any felonies, as the Telegraph's Daniel Knowles argues today. Knowles highlights the Goodwin travesty effectively enough, and quotes a retired former Labour minister to make ...

Decision to strip former RBS chief executive Fred Goodwin of knighthood criticised by leading business figure.

Fred Goodwin is shredded: former RBS boss stripped of knighthood Fred Goodwin has been stripped of his knighthood after a political campaign to see the former head of Royal Bank of Scotland punished for his role in the financial crisis. Oh dear. Time was, as a country, we respected the rules. Whatever they were, the