Lloyds tops UK complaints list
Lloyds Banking Group, the part UK state-owned bank, has again drawn more customer complaints than any other UK institution, accounting for nearly one in four new cases with the Financial Ombudsman...
View ArticleHBOS remembered
We said earlier on Monday that only one bank came off badly in the interim report from the Independent Commission on Banking. We were wrong.Continue reading: HBOS remembered
View ArticleLloyds – the 90 per cent LTV bank
Sir Victor also insists that enough due diligence was done on the deal, in two tranches and that the risks in HBOS’s property portfolio were understood. The problem was the speed with which the economy...
View ArticleHBOS uncovered
What’s this that has quietly appeared in the correspondence section of the Treasury Select Committee website? It’s only a letter from FSA chairman Adair Turner announcing plans to publish (yes publish)...
View ArticleLloyds impaired
It seemed too good to last… and it was. Lloyds Banking Group has bucked the trend in the UK banks sector and reported a disappointing set of half year figures.Continue reading: Lloyds impaired
View ArticleShort-selling fairies
Charts via short-selling information specialists Data Explorers, incorporating a gauge of securities lending in both the financials currently subject to the short-selling bans, and in their markets....
View ArticleLe poison de la rumeur
Predictable really. The investigation into the Societe Generale sell-off looks like it could quickly descend into farce.Continue reading: Le poison de la rumeur
View ArticleHBOS, spanked
Meeting the public clamour for “action” on the British banking shambles that left half the sector a ward of the state, the FSA has published a “censure” against Bank of Scotland for the failings of its...
View ArticleCummings cops it, claims Orwellian treatment – updated
Kleinmanwire has suddenly pattered back to life!… One of the former executives who led HBOS to the brink of collapse in 2008 is to be hit with a massive fine and a lifetime ban from the industry, I can...
View ArticleStevenson called “delusional” by others in 2012. Called “knowledgeably and...
Lord Dennis Stevenson (former HBOS and Pearson chair ) sent two rather telling letters to the FSA in 2008. Both were mentioned during Tuesday morning’s session with the Parliamentary Commission on...
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