“I dub thee … NOBODY!”

Former Royal Bank of Scotland boss Fred Goodwin has had his knighthood removed.

Mr Goodwin, who was heavily criticised over his role in the bank’s near-collapse in 2008, was given the honour by the Labour government in 2004.

The Queen cancelled and annulled the title following Whitehall advice.
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In the past, only convicted criminals or people struck off of professional bodies have had knighthoods taken away. But the government said Mr Goodwin was an “exceptional case”.

He oversaw the multi-billion-pound deal to buy Dutch rival ABN Amro at the height of the financial crisis in 2007, which led to RBS having to be bailed out to the tune of £45bn by taxpayers.

BBC