We peruse at the key actors in the HBOS debacle,from the senior bankers and board members to the FSA regulators and auditorsWhen HBOS was taken over by LloydsTSB in September 2008, the executives collected cash bonuses of £914000 when the Lloyds deal completed because of “change of control” clause in their contracts.
Related: HBOS collapse: report recommends formal investigation into executives Related: HBOS report: a damning indictment of failed bankers and regulators Continue reading...
Source: theguardian.com