Pride comes before a fall and, as far as Sir Fred Goodwin, chief executive of Royal Bank of Scotland, is concerned, his fall will be further, and faster, than most.
RBS is refusing to comment on speculation that it will be forced to mount a rights issue of as much as £12bn (â¬15bn) to rebuild its capital base after its badly-timed â¬71bn (£56bn) acquisition of ABN Amro last year. But it certainly isnât denying the report.
