Belfast Telegraph

Monday 21 April 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.