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- The marriage between the Halifax Building Society and The Bank of Scotland was valued at £30bn, but it collapsed just seven years later - with all of that value completely wiped out. HBOS became part of the Lloyds Banking Group and needed a £20.5bn injection from UK taxpayers to prevent it from crashing.
www.bbc.co.uk/news/business-34859067
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Nov 19, 2015 · HBOS became part of the Lloyds Banking Group and needed a £20.5bn injection from UK taxpayers to prevent it from crashing. The three men at the top of the organisation; chairman, Lord Stevenson...
- Ex-HBOS Chief Stripped of Knighthood
Former HBOS chief executive James Crosby has been formally...
- Ex-bosses Face Calls for City Bans
HBOS collapsed in 2008, wiping out shareholders, costing...
- Ex-HBOS Chief Stripped of Knighthood
HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc , which operated the Bank of Scotland and Halifax brands in the UK, as well as HBOS Australia and HBOS Insurance & Investment Group ...
Aug 26, 2022 · HBOS — which operated as Halifax and Bank of Scotland and was for a time the UK’s largest mortgage lender — went bankrupt in 2008 after years of excessive risk-taking and fraud. It was rescued by...
Nov 19, 2015 · A fresh report into the demise and then rescue of UK lender HBOS at the height of the financial crisis in 2008 has been published on Thursday. fastFT has picked out some of the report’s key...
- Authorities’ Investigations Into Certain Former HBOS Senior Managers
- No Enforcement Action
- Background
The Authorities’ joint investigations considered the performance of certain former senior managers at HBOS in the years before its failure. The investigations considered whether or not those individuals should be subject to a prohibition order which would prohibit them from performing certain roles within the financial services industry. The Author...
In line with standard practice, the Authorities’ independent decision-makers reviewed the matters under investigation and have each determined that no enforcement action should be taken against these former HBOS senior managers. These investigations have therefore been closed.
In 2009, the Financial Services Authority (“FSA”), the sole UK financial regulator of HBOS at the time, commenced enforcement investigations in connection with the 2008 failure of HBOS. Those investigations resulted in the FSA taking enforcement action in 2012 against the Bank of Scotland Plcfootnote and the Chief Executive Officer of HBOS’ Corpora...
Sep 18, 2008 · Lloyds TSB on Wednesday night agreed a £12bn rescue takeover of HBOS after the government brokered a deal to save the country’s largest mortgage lender from a crisis of confidence.
Aug 26, 2022 · Britain's two banking regulators said on Friday they would take no enforcement action against certain former senior managers at HBOS, a bank that collapsed in 2008 during the global financial...
