Review: The real way HBOS gave us extra

September 28, 2012

A new study into the dramatic 2008 demise of one of the UK’s oldest banks lacks some of the fly-on-the-wall drama of other financial crisis tomes. But Ray Perman’s book compensates by skewering the revenue-before-risk approach that lost HBOS its independence.

HBOS top brass reap what they sowed

April 4, 2013

A report by the UK’s banking commission lays the blame for the lender’s collapse squarely on its two chief executives and its chairman. James Crosby, Andy Hornby and Dennis Stevenson may yet escape fines. But the report makes the scale of their responsibility clear.

Consumers the losers in Lloyds’ escape

November 3, 2009

Lloyds Banking Group has pulled off a stunning escape. By wriggling free from the UK government's toxic asset insurance scheme it has almost certainly avoided being broken up. The bank, its shareholders, and the government can all claim to be getting a good deal. The real losers, however, are British consumers, who will pay the price for the creation of a superbank with more than a quarter of the UK market.