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    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.................

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