Former RBS Chief Fred Goodwin Is Stripped of Knighthood
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Fred Goodwin, Royal Bank of Scotland Group Plc’s former chief executive officer, was stripped of his knighthood by the U.K. authorities after he led the 285-year-old lender into the world’s biggest bank bailout.
Britain’s Honors Forfeiture Committee met last week and decided that Goodwin should lose his knighthood for services to banking in the light of the collapse, the Cabinet Office in London said in a statement today. He was awarded the honor, entitling him to call himself Sir Fred, in the name of Queen Elizabeth II in 2004.