By ,
Published December 09, 2015
One of Britain's most high-profile former bank bosses is being stripped of his knighthood for presiding over the near-collapse of the Royal Bank of Scotland, Sky News reported Tuesday.
Sir Fred Goodwin -- now plain old Fred Goodwin -- was bestowed with the honor in 2004 for services to the British banking industry.
But he went on to preside over the near-collapse of the Royal Bank of Scotland in 2008 with the British government having to inject $71 billion of taxpayers' cash to keep it afloat.
His knighthood is being canceled and annulled, the broadcaster said.
https://www.foxnews.com/world/former-royal-bank-of-scotland-boss-stripped-of-knighthood