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Two former bankers from the embattled bank HBOS have been found guilty in a £245 million fraud trial, alongside four other people.
Damned by a parliamentary committee for toxic leadership of HBOS, Andy Hornby remains eligible to draw his £240,000 pension at 50 and still has his job running bookmakers Coral. Is this right?
After former HBOS chief executive Sir James Crosby agrees to give up his knighthood and part of his pension, pressure is mounting on others in charge when the bank collapsed to follow suit.
Former HBOS chief executive Sir James Crosby says he will ask for his knighthood to be removed and will forego 30 per cent of his pension after last week’s report into the bank’s collapse.
The banking commission has savaged the way HBOS was run, but it is not the only bank that has struck terror into people’s hearts. Are these are the worst offenders? You decide.
Jon Snow
Will anything be done? Will any of these people ever be brought to book? The record thus far suggests not a lot will happen.
The parliamentary banking commission says the three bankers who presided over the 2008 HBOS collapse should never work in the City again. But why were they not stopped? And what is their punishment?
“Evasive, repetitive and unrealistic” was how one Tory MP described former HBOS chairman Lord Stevenson, quizzed by MPs about his role at the bank which almost collapsed in 2008.
Ex-HBOS director Peter Cummings is banned from holding another senior banking position and fined after the implosion of HBOS, which cost taxpayers £12bn.
It says a lot, that we have learnt more about what brought down RBS from a US diplomatic cable leaked to an Australian than we have from British probes.
Official figures show a recent fall in the number of people being tested each day in England.
TV presenter Noel Edmonds took his legal battle with Lloyds Bank into the company’s AGM today. He believes he was the victim of fraud by former staff inside HBOS. That bank was taken over by Lloyds at the height of the financial crisis, and Mr Edmonds now wants compensation from them. At today’s meeting in…
RBS has had to agree to a £3.6 billion penalty with the US Department of Justice to end the investigation into sales of financial products – some of them toxic mortgage bonds – just before the 2008 financial crisis. Channel 4 News has seen a damning internal review into Lloyds’ disastrous takeover of HBOS in…
The popular quiz show host Noel Edmonds has turned into something of an anti-banks campaigner after he claims he lost millions through his dealings with HBOS. He’s now involved in a £300m compensation battle with Lloyds Banking group, to cover losses relating to the collapse of his entertainment firm a decade ago and what he…
Helia Ebrahimi
The BNP Paribas announcement turned out to be the starting gun to the global financial crisis.