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Royal Bank of Scotland boss Sir Fred Goodwin is set to become the highest profile British casualty of the global banking crisis after presiding over a disastrous 82pc decline in the ancient group's shares over the last year. The departure will come as a bitter blow to the tall, tough Scotsman who was the prime mover behind the explosive expansion of the bank from a modest sized regional lender to a global giant with operations in 50 nations across the world from the United States to India. Goodwin acquired the name 'Fred the Shred' for his ruthless approach to banking acquisitions slashing costs and jobs in the acquired banks without any mercy. Sir Fred Goodwin is set to be replaced as the Royal Bank of Scotland's chief executive The 50-year-old Scottish educated accountant is a family man who split his high octane life... [read full story]
