Bank of Scotland 'guilty of serious misconduct'
Linkedin

Bank of Scotland 'guilty of serious misconduct'

Halifax : Canada | Mar 09, 2012 at 7:34 AM PST
Source: The Independent
XX XX
Views: Pending
 
The Financial Services Authority (FSA) said the corporate division took too many risks from the start of 2006, leaving it vulnerable to the financial downturn. The FSA criticised the "aggressive deal structures" increasingly pursued by the bank and said it failed to reduce its risky behaviour despite... FULL ARTICLE AT The Independent
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
  • Credibility
  • Wait... Flag
 
 
Advertisement
 

News Stories

 
  • Inside HBOS: The scale of ramping up risky lending was simply staggering

      The Independent
    It had a higher proportion of loans on commercial property and to entrepreneurs than any of its rivals, the Financial Services Authority (FSA) has found. The division "operated a one-stop-shop" which offered equity and debt funding to companies with...
  • Judgement day at last for the bankers

      The Independent
    Banker to many of the biggest names in British business, including Sir Philip Green's Topshop-to-BHS empire, he oversaw a culture of aggressive lending at the bank. While the FSA does not name any individuals, Mr Cummings' management of his division...
  • Bank of Scotland - will the FSA start to name names?

      Guardian Unlimited
    If everybody knew, or at least suspected, that Bank of Scotland was out of control, what was the FSA doing? Don't look to today's document for answers James Crosby (R) and Peter Burt (L) at the launch of the Halifax and Bank of Scotland merger, 2001.
  • Financial regulator slams HBOS, waives fine

      International Business Times
    Bank of Scotland unit from April 2008 even as competitors pulled back because of worsening financial conditions, the Financial Services Authority said...The conduct of the Bank of Scotland illustrates how a failure to meet regulatory requirements can...
  • Bank of Scotland slammed by FSA for high-risk strategy

      Guardian Unlimited
    Former chief executive of Halifax Bank of Scotland, James Crosby. Financial Services Authority in a damning critique of the way it was managed in the run up to its taxpayer bailout and rescue by Lloyds Banking Group...It is understood the fine would...

More From Allvoices



Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.