Vince Cable, the Liberal Democrats' economic spokesman mocked so-called "masters of the universe," whose hedge funds profited from short-selling.
Sir Julian Hodge formed the bank after forming both the Chartered Trust Bank, and the Bank of Wales (now part of HBOS).
In 2006, research commissioned by a major mortgage lender found that, on the quantitative statistical indices used, the borough had the best quality of life in London and was in the top quarter of local authorities nationwide.
During 2003 The Money Programme of the BBC in the UK uncovered systemic mortgage fraud throughout HBOS.
HBOS |
Examples of products featuring their carbon footprint in the UK are Walkers Crisps, a range of own brand products in Tesco supermarkets, Halifax (HBOS) bank accounts, Dyson airblades, Marshalls building products, Kingsmill bread, Quaker oats, Silver Spoon sugar, Tate & Lyle sugar and La Farge cement.
After the collapse of Lehman Brothers in September 2008 and the subsequent forced rescue-merger between HBOS and Lloyds TSB, Stevenson and Andy Hornby resigned, waiving their rights to any "pay-offs".
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In April 2013, the Parliamentary Commission on Banking Standards assigned the primary responsibility for the collapse of HBOS to Stevenson along with former chief executives Sir James Crosby and Andy Hornby.
The HBOS Group Reorganisation Act 2006 is a private Act of Parliament, passed by the Parliament of the United Kingdom in June 2006.
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transferring the remaining assets of the Clerical, Medical and General Life Assurance Society to HBOS's subsidiary, Clerical Medical Investment Group Limited and dissolve the Society.
After Knutsford; in February 2001 Leslau set up private company Prestbury Investment Holdings, funded by HBOS and Sir Tom Hunter, with whom he has since done a number of Scottish based joint ventures with Hunter's West Coast Capital.