In Britain, they do not joke around. The former chief executive officer of the Royal Bank of Scotland, Fred Goodwin, was stripped of his knighthood by Queen Elizabeth II Wednesday as punishment for his role in the 2008 financial crisis.
The title was originally given to the banker in 2004 for his services rendered to the banking world. He will be the 35th person to be deprived of the title Sir since 1995. Read more
