Fred "the Shred" Goodwin, an infamous figure in Britain's aristocracy and a symbol of finance industry greed and incompetence, stands to lose his knighthood. Goodwin was knighted for "services to banking," and a few years later presided over the collapse of the Royal Bank of Scotland, which the British public had to bail out. Goodwin walked away with a titanic, multimillion-pound pension. The Prime Minister David Cameron has asked the relevant committees to have a go at taking away Goodwin's knighthood.
Bankster might lose his knighthood
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