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BRITAIN-BANKING-REGULATE-COMPANY-HBOS-FILES


Chief Executive Officer of Halifax Bank of Scotland (HBOS) Andy Hornby (L) shakes hands with Chief Executive of Lloyds TSB Eric Daniels (R) at the Lloyds TSB headquarters in central London on September 18, 2008 after it was announced that British bank Lloyds TSB was taking over distressed rival Halifax Bank of Scotland (HBOS) in a 12.2-billion-pound (15.4 billion euro, 21.8 billion dollar) deal. Former bosses at British bank HBOS were slammed on April 5, 2013 for a "colossal failure" of management, pursuing a high-risk strategy that sparked its downfall at the height of the global financial crisis, lawmakers said in a key report. Halifax Bank of Scotland (HBOS) was saddled with high-risk investments in the property sector and was rescued by Lloyds TSB in a 2008 takeover that was brokered by the then-Labour government. AFP PHOTO / POOL / LUKE MACGREGOR

Detalii fotografie
Loc:     London, Greater London, UNITED KINGDOM
Sursa:   AFP / Mediafax Foto
Fotograf:   LUKE MACGREGOR
Data:   5 Aprilie 2013
Dimensiuni:   3039 x 1887 (1.4 MB)
Cuvinte cheie:
BRITAIN BANKING REGULATE COMPANY HBOS FILES