Comments on: “We’re creating a Great British bank”

By: Board’s role ‘off limits’ in police probe of alleged £1bn HBOS fraud « naked capitalism

Sun, 17 Jul 2011 09:12:16 +0000

[...] that board-level directors at HBOS including former chairman Lord Stevenson, former chief executive Andy Hornby and former head of corporate Peter Cummings ought to be [...]

By: Board’s role ‘off limits’ in police probe of alleged £1bn HBOS fraud | Ian Fraser

Sat, 16 Jul 2011 16:44:17 +0000

[...] board-level directors at HBOS including former chairman Lord Stephenson, former chief executive Andy Hornby and former head of corporate Peter Cummings ought to be [...]

By: Ian Fraser - Business and Financial Journalist Ian Fraser » Blog Archive » WAS THIS THE WORST BANK IN THE WORLD? HBOS’S CALAMITOUS SEVEN YEAR LIFE

Wed, 10 Mar 2010 11:24:52 +0000

[...] Sept 18th, 2008: Lloyds TSB and HBOS formally announce the £12.2bn rescue takeover of the latter, and confirm that prime minister Gordon Brown has eased the path to a deal by agreeing to waive competition law. It later emerges that conversations between Brown and Lloyds chairman Sir Victor Blank (pictured left) about a tie-up had taken place at a Citigroup dinner in St James, London the previous Monday and, earlier, on a flight back from Tel Aviv. See Press Conference Video [...]

By: CCJ's against Lloyds-takes some reading! - The Consumer Forums

CCJ's against Lloyds-takes some reading! - The Consumer Forums — Sat, 19 Dec 2009 12:44:15 +0000

[...] i.e Eric Daniels is on film saying what "an enormously good deal" it was in January 2009 Ian Fraser – Business and Financial Journalist Ian Fraser Blog Archive

By: Agnes Steinhauser

Agnes Steinhauser — Sat, 14 Nov 2009 00:55:09 +0000

Very good point Mr Fraser and one the FSA should be considering. The secrecy surrounding HBOS and its real status at the time of its rights issue and subsequent merger, is getting very worrying. I have always thought this lack of transparency was designed to hide what the executives at HBOS did. But the secrecy has been even more intense since the top execs left, to the point Lloyds now seems quite frantic in their denials about HBOS.

Additionally, it has been a continual source of amazement that no one in the government is prepared to answer any questions on the subject of the HBOS merger except to say what a great deal it was. On the subject of HBOS Reading, no one in the Government seems prepared to say anything at all.

Perhaps the answer to this mystery was in the ‘secret dossier’ and perhaps those answers and the fact they have been concealed, could have dire consequences for the government?

Interestingly, today’s announcement that the FSA will stay until 2014 and also that Hector Sants is warming to the idea of being deputy Governor of Bank of England (Lord Turner is already lined up to take over from Mervyn King), suggests, perhaps, some sort of accord between the FSA and the Conservatives. If this is the case then Hector Sants will surely have no trouble being very scary about the ‘secret dossier’ and also have no trouble hanging Government ministers out to dry for its contents.

The plot surrounding this Great British Bank the Government and Eric Daniels have built, thickens. Any superlatives to add Mr Daniels?