Regulators set to heavily criticise three bosses but time it took to produce report means fines for wrongdoing are expected to be unapplicableFormer HBOS bosses who are expected to be heavily criticised this week over their role in the bank’s near-collapse are likely to escape fines because regulators’ report into the matter took so long to total.
HBOS had to be rescued by rival Lloyds in September 2008 and the enlarged institution was later bailed out with £20bn of taxpayers’ cash. Related: Whistleblower at HBOS attacks ‘ludicrously bad’ City regulation Continue reading...
Source: theguardian.com