Banking standards commission report dismisses ‘hollow’ apologies by HBOS management that staggering losses were due to unpredictable events of credit crunch, citing a ‘colossal failure’ of strategy by the board
Ex-HBOS chief admits selling two-thirds of holding in two years before near-collapse
The head of the ethics committee at HM Revenue & Customs faced criticism last night after it emerged that he earns more than £125,000 as the director of a company based in the tax haven of Guernsey.
Among the many bank bosses vilified after the British banking crisis, only Andy Hornby bounced straight back. After he lost his grip on HBOS and it had to be rescued from collapse, he was quickly rehired by Boots as chief executive.
Lloyds Banking Group will pay the Government £2.5bn to avoid a taxpayer-backed insurance scheme for toxic debts, it emerged today.
Lloyds Banking Group today said bad debt charges ballooned to £13.4 billion as it paid the price for reckless lending at troubled HBOS.
Prime Minister Gordon Brown was today urged to send a message to bank bosses at Lloyds that further jobs cuts would be "totally unacceptable"
Search begins for new sponsor of Britain's premier live comedy award
Prime Minister tries to limit the personal damage over bailouts
Government adviser quits to spare Brown further embarrassment
A £37 billion taxpayer lifeline was thrown to three of the UK's biggest banks today in an attempt to end the sector's turmoil.
Financial doomsday is not around the corner, despite the recent bankruptcy traumas, says James Daley