Thursday, 26 March 2009

Fat Cats in Terror after Anti-capitalists Attack Fred the Shred's Home

MAIL Online: Security will be stepped up around fat-cat bankers after the home of disgraced former RBS boss Sir Fred Goodwin was targeted by vandals.

A statement claiming to be from the group responsible for damage at his £3million mansion warned of further attacks, saying: 'This is just the beginning.'

The threat sparked fears of a terror campaign against those blamed for the collapse in the financial system.

The concern is that anti-capitalist groups will copy the tactics of animal rights militants by directly targeting individuals they hold responsible for the credit crunch.

Tensions are already high, with anarchists reported to be plotting mayhem at next week's G20 summit in London.

Their intention is to paralyse the Square Mile by staging sit-in protests and storming financial institutions, with the Bank of England and RBS among the top targets.

Effigies of bankers will be hung from lampposts. Security adviser Dai Davies, a former head of Scotland Yard's Royalty Protection squad, said: 'Risk assessments will have to be carried out by the police on individuals who are concerned about their safety. If there is cause for concern then appropriate advice will be given and pre put in place.

'The developments at Sir Fred Goodwin's home will almost certainly make some other high-profile bankers want to review their own private security arrangements.' >>> By Stephen Wright | Thursday, March 26, 2009

THE GUARDIAN: Banks Braced for City Riots During G20 Summit after Attack on Sir Fred Goodwin's Home

Financial sector staff are warned to keep low profile / Former RBS boss 'shaken' after early morning raid

The last time bankers faced angry demonstrations, some responded by pouring champagne or photocopied £50 notes from windows, but it is unlikely that protesters targeting the City next week during the G20 summit will be met by similar shows of bravado.

Many staff are being advised to dress down next Wednesday and Thursday to avoid being marked out as City workers - if they cannot avoid the protests entirely by working from home. Others have been advised to avoid leaving the office to attend meetings.

Concern about possible violence heightened when the home of former Royal Bank of Scotland chairman Sir Fred Goodwin was vandalised early yesterday morning, leaving three windows shattered and the rear window of his black Mercedes smashed. An anonymous email was sent to media organisations shortly after the attack threatening further action against "criminal" bank bosses.

The former RBS boss, who had not been at home and is at the centre of a row over the size of his pension from the taxpayer-owned bank, was said to have been "shaken" by the incident.

Many in the City believe aggressive media coverage of the financial crisis has declared a virtual open season on financial sector workers.

The financial advisory group Bluefin, which employs 500 staff in London, has set up a phone line offering staff updates next week. Staff have been told not to go to its office in Mark Lane in the City unless absolutely necessary. "As a responsible employer, the safety and wellbeing of our staff is always considered of paramount importance," a spokesman said.

A UBS spokesman said the bank would continue to assess the level of threat as it got nearer the time. "We are telling people to be cautious. If you have client meetings, do you need to have them here? Some of the banks have said dress down or try not to move around. It is all pretty obvious. "It is quite co-ordinated among the banks. We all talk to each other. I think it is different if you are in a landmark building, some are more obvious than others."

Another banker complained that we "are in an era of the demonisation of financial services". >>> David Teather | Thursday, March 26, 2009