UAE banks find life a little less stressful - The National

The decision to strip the former Royal Bank of Scotland chief executive Fred Goodwin of his knighthood last week was a reminder that the aftershocks from the global recession have not gone away.

Mr Goodwin was knighted in 2004 but had the honour removed after he was blamed for his part in the British bank's collapse in 2008.

The action by the British government came weeks after RBS revealed it was shedding 3,500 jobs under cutbacks aimed at helping to revive the bank's fortunes.

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