Lord Stevenson
-
Time for Stevenson to drop his air of injured innocence: he was as much to blame as Crosby
We now know what the price of failure is for the CEO of a wrecked bank. Fred Goodwin at RBS set the tariff: a lost knighthood and a third off the pension. Now James Crosby at HBOS has fallen into line. But what should happen to the chairmen?
-
The role of bank boards needs to be reassessed
The Parliamentary Commission report repays careful reading, not least for its strident criticism of the board and their habit of self-congratulation rather than rigorous challenge.
-
The guilty have been named. Now they must be punished
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…
-
Stevenson receives the coup de grâce
Evasive, repetitive, unrealistic. Unless my old newspaper instincts have deserted me that description by Andrew Tyrie of Lord Stevenson’s evidence to the Parliamentary Commission, is what will make the headlines. And the former HBOS-chairman will find it hard to outlive the label.