Then he said something which seized my attention: ‘I withdrew £20 million today from Bank of Scotland to put it in a safe place.
In the autumn of 2008 I attended a black tie business dinner. I forget the occasion or the organisation responsible, they are all very similar and after a while the memories of each merge into one.
Bizarrely Lloyds Banking Group has bought back into one of the companies it sold when it unloaded the former HBOS integrated finance portfolio in a £480 million deal in 2010.
When did Bank of Scotland begin the change from a predominantly service culture to one being predominantly driven by sales? In HUBRIS, I acknowledge that it was starting before the merger with Halifax, but new light has been shed by a reader – a former senior HR executive in the Bank, who dates it from the merging of Capital Bank into BoS.
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