Belfast Telegraph

Tuesday 23 September 2014

Collapse of HBOS blamed on chiefs

Bankers who ran HBOS in the run-up to its collapse are ultimately to blame for "catastrophic failures of management", a damning report has found.

The Parliamentary Commission on Banking Standards launched an attack on the bailed-out lender's former chairman Lord Stevenson and past chief executives Sir James Crosby and Andy Hornby.

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