Who was the chief executive of RBS bank who resigned in 2009, a month before RBS announced a loss of £24 billion, the largest loss in UK corporate history ?
Royal Bank of Scotland Group spent £200m on celebrity endorsements also went down badly. In February 2009 RBS reported that while Fred Goodwin was at the helm it had posted a loss of £24.1bn, the biggest loss in UK corporate history. His responsibility for the expansion of RBS, which led to the losses, has drawn widespread criticism. His image was not enhanced by the news that emerged in questioning by the Treasury Select Committee of the House of Commons on 10 February 2009, that Goodwin has no technical bank training, and has no formal banking qualifications. In January 2009 "The Guardian"'s City editor Julia Finch
Fred Goodwin January 2009 – a month before RBS announced that its 2008 loss totalled £24.1 billion, the largest annual loss in UK corporate history. From January 2010, he was employed as a senior adviser to RMJM, an international architecture firm. He left the position after less than a year. Goodwin was knighted in 2004 for his services to banking, but in a highly unusual move the honour was annulled by the Queen on 1 February 2012. The Cabinet Office explained "The scale and severity of the impact of his actions as CEO of RBS made this an exceptional case." Born in