Fat cats in terror after anti-capitalists attack Fred the Shred's home

Vandalised: A policeman outside the Edinburgh home of former bank boss

Sir Fred Goodwin today after it was attacked by vandals overnight

By Stephen Wright

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.'

Sir Fred, nicknamed Fred the Shred because of his ruthless cost-cutting regime, is the first top banker to be personally targeted over the financial meltdown. Windows were smashed at his home in Edinburgh's upmarket Morningside area.

A Mercedes S600 saloon parked in the driveway came in for similar treatment in the 4.35am attack. Sir Fred, 50, a father of two, is abroad and has not been seen in public since giving evidence at the Treasury Select Committee on February 10.

His team of public relations advisers have told him to lie low until the furore subsides over his £700,000-a-year pension deal. Sources close to the disgraced banker said he had been left 'shaken' by the attack.

Shortly after the vandalism was discovered, a group calling itself Bank Bosses Are Criminals claimed responsibility in an email sent to news organisations under the name Moira McLeod and the address bankbossesarecriminals@mail.com.

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