BBC Radio Shetland

The Business

Factual: Money

Graham Stewart with the stories and issues making the news in business.

Graham Stewart with the stories and issues making the news in business from Scotland, the UK and around the world.

The Business: 02/08/2009

02/08/2009

BBC Radio Scotland - The Business, 02/08/2009

Former chairman of the Dunfermline Building Society, Jim Faulds, talks about its collapse.

Former chairman of the Dunfermline Building Society, Jim Faulds, talks about its collapse and how the government could have saved it.

Graham Stewart discusses this week's Commons reports into the collapse of the Dunfermline Building Society and the regulation and supervision of the banks.

In an exclusive interview, the former chairman of the Dunfermline, Jim Faulds, tells us how the government could have saved the building society and maintained its independence. He denies claims that he presided over a disastrous move into commercial property lending and rubbishes reports which suggest taxpayers were forced to stump-up Â£1.6bn in order to persuade Nationwide to buy the branches, good loans and deposits of the Dunfermline. 

Sir George Mathewson, former Royal Bank of Scotland chairman, and John Wright, former chief executive of the Clydesdale and Yorkshire Banks, give us their views on whether the government's proposed reforms to the banking system will prevent another financial collapse from happening.

Also on the programme... the editor of the Financial Times, Lionel Barber, explains how newspapers can - and must - monetise their online content.

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02/08/2009

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