Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
The latest group to report on the halifax banking fiasco is fighting for the 3 chiefs(2 chief executives and a chairperson) should not be able to hold office in such senior financial institutions for life.
There report is hard hitting, blaming the 3 for all the problems caused, stating it was nothing to do with the countries financial problems, but all to do with poor financial management,
One of the three has resigned his job, but will stay quiet for a while then return.
Clearly this board is still saying these 3 should not hold office for life
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
HBOS: Regulator's findings shame three executives who brought down a bank
"
Bank so poorly run it would have gone bust even without 2008 crash, parliamentary commission finds"
http://www.guardian.co.uk/business/2013/apr/04/bankers-brought-down-hbos Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
need i say more
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Ex-HBOS Head Quits After Bank Report Criticism
"Former HBOS chief executive Sir James Crosby has resigned from his new job as an adviser to a private equity firm following criticism of his role in the collapse of the bank.
He has left European investment firm Bridgepoint after a report by the Parliamentary Commission on Banking Standards criticised the role played by top HBOS executives before the bank's bailout."
http://uk.news.yahoo.com/ex-hbos-head-quits-bank-report-criticism-093339396--finance.html#rOJmuq0 Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
I thought Keith had got the initials wrong.
Roger
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
same differance roger.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Everyone's entitled to their view, Roger.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Maybe same difference Brian, but different Bank(s).
Indeed they are Peter.
Roger
Paul Watkins- Location: Dover
- Registered: 9 Nov 2011
- Posts: 2,226
So in view of the the title of this thread , when will its poster start the debate?
Watty
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
have we divined which particular bank we are discussing, i think we should be told?
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Charges brought in HBOS corruption case
HBOS now owned by Lloyds
The charges against eight individuals brought by Thames Valley Police
, following a probe into corruption originating from a Reading branch of HBOS
, is another devastating blow to the reputation of what was once among the
UK's most admired banks - and is now owned by Lloyds following its collapse in 2008.
For years there were allegations - which were reported under privilege in the
House of Commons as long ago as June 2009 - that a banker at HBOS's
so-called high risk lending unit in Reading was in cahoots with a consultancy
called Quayside, to strip assets from financially troubled customers of the bank.
After years of pressure on HBOS's board and on regulators from customers who
lost millions and felt shoddily treated, the Financial Services Authority finally
investigated and then passed the file to Thames Valley police.
Today's charges include conspiracy to corrupt, fraudulent trading and money laundering.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Bank Chiefs ``ignored warnings``as the headed towards abyss.
One of Britain's biggest banking collapses was caused by a ``colossal failure of senior
management and the board``according to a devastating investigation by the Parliamentary
Banking Commission.
HBOS created out of a merger in2001 between Bank of Scotland and Halifax needed
£ 20.5......Billion bail out at the end of the decade because senior staff ignored
warnings about the risks they were taking.
Another disastrous failure of the Finance Sector is that high earners like these
three `Buffoons`go on to be employed by another company at similar obscene
pay structure to fail yet again.................
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
more smoke screens by some
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 698- Registered: 28 May 2010
- Posts: 8,664
nowhere to hide for these finance johnnies.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
sadlty this govt allows them to
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
I understood that titles of threads couldn't be changed - this one has been.
Roger
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 16 ...typical `quality` comment......
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Reg. This thread was initially titled Royal Bank of Scotland (RBOS) ; turns out it is really about HBOS.
Your Champagne Socialism is totally misplaced as well as your extreme hatred for all things Conservative. Your snidy comment above is equally unwelcome.
Roger
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
It was quite clear what the subject was about, of course some posters will try hard not to get to the thread but muddy the waters to protect there beliefs, of course thats fine.
There are calls for these 3 geezers as said in the very first post not to be allowed to perform(or not perform)as the case may be in financial affairs at the top due to there poor management
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Losses at HBOS underestimated by as much as £10bn
Calls are growing for the bank's former bosses, Sir James Crosby
and Lord Stevenson, to be stripped of their titles
HBOS losses have been underestimated by "billions", according to
the man who famously blew the whistle on the failed bank's overly
aggressive risk-taking culture. Paul Moore added to the chorus of criticism
demanding that Sir James Crosby, the former HBOS chief executive,
and Lord Stevenson, chairman of the bank when it was rescued by Lloyds
in September 2008, be stripped of their honorific titles.
A Treasury Select Committee source also said the gongs should be "removed"
in the wake of a damning Parliamentary Commission on Banking Standards
report last week that put the blame for HBOS's collapse squarely on the pair as
well as Sir James's successor, Andy Hornby.
However, Mr Moore, who was sacked as head of group regulatory risk at HBOS
in 2004 after warning that the bank would eventually find itself in terrible trouble,
argued that the report failed to show just how bad the bank's losses have been.