Sir Fred’s hon­our shred­ded

Midweek Sport - - HOLY MACKEREL! -

FOR­MER Royal Bank of Scot­land chief ex­ec­u­tive Sir Fred Good­win has lost his knight­hood.

Sir Fred ( right), who was heav­ily crit­i­cised over his role in the bank’s near col­lapse in 2008, was given the hon­our by the Labour gov­ern­ment in 2004.

He will now have his ti­tle re­moved by the Queen fol­low­ing ad­vice by White­hall of­fi­cials.

In the past, hon­ours have only been taken from those con­victed of se­ri­ous crime, but there has been a grow­ing clam­our for Sir Fred to be stripped of his hon­our.

He over­saw a num­ber of ac­qui­si­tions that made Ed­in­burgh-based RBS one of the world’s big­gest banks, but his deal to buy Dutch ri­val ABN Amro in 2007 led to the bank be­ing bailed out with £45bil­lion of tax­pay­ers’ money.

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