Fred Goodwin

Business, Finance & Economics

Disgraced British bank chief won't give up pension

British Prime Minister Gordon Brown is threatening legal action against the former head of the Royal Bank of Scotland, Sir Fred Goodwin, to get back part of a multi-million dollar pension payout he gained despite nearly running the bank into the ground. Goodwin's recently bailed-out bank reported losses of nearly 35 billion dollars -- the largest loss in British corporate history. The World's Laura Lynch has the latest.

Business, Finance & Economics

Disgraced British bank chief won't give up pension

British Prime Minister Gordon Brown is threatening legal action against the former head of the Royal Bank of Scotland, Sir Fred Goodwin, to get back part of a multi-million dollar pension payout he gained despite nearly running the bank into the ground. Goodwin's recently bailed-out bank reported losses of nearly 35 billion dollars -- the largest loss in British corporate history. The World's Laura Lynch has the latest.

Business, Finance & Economics

Disgraced British bank chief won't give up pension

British Prime Minister Gordon Brown is threatening legal action against the former head of the Royal Bank of Scotland, Sir Fred Goodwin, to get back part of a multi-million dollar pension payout he gained despite nearly running the bank into the ground. Goodwin's recently bailed-out bank reported losses of nearly 35 billion dollars -- the largest loss in British corporate history. The World's Laura Lynch has the latest.