Category: HBOS


Lords could derail Osborne’s plans to soften rules on banker accountability

The Guardian By Simon Bowers and Jill Treanor Sunday 13 December 2015 16.27 GMT Opposition peers proposing to amend Bank of England bill, which would unwind tougher regulation set up by the coalition in 2013 The Conservative party does not have…

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Kenneth Clarke: Put rogue bankers on trial

The Telegraph By Julie Henry 10:40AM BST 30 Jun 2012 Kenneth Clarke has said that it is easier to “get away with” financial crime than practically any other kind. The justice secretary said that the UK’s track record on prosecuting financial…

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Why Bank Bosses Partying at Gleneagles Is a Crisis Warning Indicator

Huffington Post By Ian Fraser 1-12-2015 Award winning journalist and commentator What is it about the Gleneagles Hotel and the Scottish banks? Is there something in the water at the opulent 1920s Perthshire spa and golfing resort – or perhaps…

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Swaps and the FCA Review process: is the Review working?

By Cat Maclean Partner and Solicitor Advocate, Head of Dispute Resolution at MBM Commercial LLP Some 3 and a half years have now passed since the FCA announced a Review into the missale of interest rate hedging products, or swaps. Although…

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RBS and Standard Chartered weakest in Bank stress test

BBC News By Howard Mustoe Business reporter Image copyright AFP Royal Bank of Scotland and Standard Chartered were the weakest of Britain’s seven largest lenders in a Bank of England stress test. For the second year, the central bank has subjected…

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HBOS collapse: KPMG may face inquiry over its role in the lender’s collapse

Independent Ben Chu Deputy Business Editor Friday 20 November 2015 Report details how accountancy giant failed to raise alarm over quality of failed bank’s loan book The “big four” auditing firm KPMG has found itself under renewed pressure over its role in signing…

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HBOS reports don’t go far enough, says Lloyds shareholder group

The Telegraph  By Marion Dakers, Financial services editor 6:17PM GMT 20 Nov 2015 Halifax Bank of Scotland was rescued by Lloyds in 2008 About 6,000 investors are taking part in legal action against the bailed-out bank The damning report into the…

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Coming soon: HBOS the sequel?

The Sunday Times  Aimee Donnellan Published: 22 November 2015 Light-touch regulation let the lender run amok. Will George Osborne’s sops to the City spell the start of a new era of lax controls? Former HBOS chief executives James Crosby, left,…

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End of ‘Too-Big-to-Fail’ Banking Era Endorsed by World Leaders

Bloomberg Business By John Glover & Ilya Arkhipov November 15, 2015 — 12:53 PM GMT World leads and members of the Financial Stability Board (FSB) meet at the G20 Turkey Leaders Summit on Nov. 14, 2015 Photographer: /Getty Images G-20 to…

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Welcome to Austeria – a nation robbing its poor to pay for the next big crash

The Guardian Aditya Chakrabortty Monday 23 November 2015 20.38 GMT ‘This makes perfect political sense for Osborne: it’s the elderly and the wealthy who turn out to vote, after all.’ Illustration: Matt Kenyon A familiar dance begins on Wednesday, as soon as George…

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