Bailed out British lender HBOS would have failed even without the 2008 financial crisis, a panel of lawmakers said in a report which blamed three men still in positions of influence in business and politics.
The Parliamentary Commission on Banking Standards, tasked with finding ways to reform UK banks, said HBOS was an “accident waiting to happen,” with bad lending and losses across the business likely to have led to its insolvency even without the funding and liquidity problems of the financial crisis.
via Business feed http://www.scmp.com/business/banking-finance/article/1207467/hbos-accident-waiting-happen-uk-lawmakers
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