‘I think the deal stinks’ said one Lloyds shareholder. ‘A lot of people will lose their jobs’, said the former Bank of Scotland CEO. No-one foresaw the full and lasting cost of Lloyds rushed takeover…

Who has paid the cost in the HBOS crash? Inside HBOS, staff earning £15,000 -£18,000, who were also shareholders, were watching their savings evaporate. Ray Perman continues the story of a banking disaster unresolved to…