The significance of the HBOS report from the Parliamentary Commission is not in any new evidence it has uncovered – we always knew why the bank went bust – but in the uncompromising way in which it named the men primarily responsible for bringing it down, chairman Lord Stevenson and chief executives Sir James Crosby and Andy Hornby.
What is the significance of the aggression with which the Parliamentary Commission on Banking Standards went for ex-HBOS chief executive James Crosby?
James Crosby, the man who bailed out as Chief Executive of HBOS in 2006 – two years before the crash – seems to be about to bail out of the Edinburgh property market too, although on this occasion his timing does not look so fortuitous.
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