THE DAILY TELEGRAPH: Fred Goodwin, the disgraced former Royal Bank of Scotland chief executive, has been stripped of his knighthood.
Government officials confirmed the award has been "cancelled and annulled" because the bank's former chief executive had "brought the honours system into disrepute".
The Forfeiture Committee met last week to consider the issue. Its recommendation to strip Mr Goodwin of the honour was conferred to the Queen by Prime Minister David Cameron, the Cabinet Office said.
The announcement that Mr Goodwin has been stripped of the honour for "services to banking" will shortly be announced in the [The] London Gazette.
"The scale and severity of the impact of his actions as chief executive of Royal Bank of Scotland made this an exceptional case," a spokesman for the Cabinet Office said. » | Tuesday, January 31, 2012
