Tony Blair honoured a man who had built the Royal Bank of Scotland into one of the world's largest banks - with a balance sheet bigger even than the British economy.

BBC: Sir Fred no longer

Quarter-end balance sheet preparations are exacerbating the phenomenon, even as the world's central banks continue to pump cash into the banking system.

FORBES: Credit Crisis

He then cleared out the executive ranks, fixed the company's balance sheet and turned the company into one of the most profitable big engineering and construction firms in the world.

FORBES: Magazine Article