Hubris: How HBOS Wrecked the Best Bank in Britain

Perman, Ray

ISBN 10: 1780270518 / ISBN 13: 9781780270517

Published by Birlinn Ltd, 2012

Most items will be dispatched the same or the next working day. A copy that has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Seller Inventory # wbs9304622428

Synopsis:

In 1995 Bank of Scotland celebrated 300 years as Britain's oldest commercial bank. Voted 'most admired bank', respected by competitors, applauded by investors and trusted by customers, it looked forward to the next three hundred. Less than 15 years later it was bust, reviled as part of the spectacular collapse of HBOS, the conglomerate it had joined. One of the high-profile victims of the credit crunch, its spectacular fall caused seismic shock waves throughout the financial world. What went wrong?

Ray Perman, who has followed the Bank since the 1970s when he was a Financial Times journalist, uncovered the story from documents and dozens of interviews with people at the top in Bank of Scotland and HBOS - from being the bank of choice for the highrolling Monte Carlo mega-rich to losing GBP10 billion. It is a cautionary tale for our times. In the complex world of modern global finance, the brilliant men who ran the company ignored the simple banking rules that their predecessors learned the hard way three centuries before.

About the Author:

Ray Perman, a writer and journalist for 30 years, was chair of the James Hutton Institute and is a fellow of the Royal Society of Edinburgh, of which Hutton was a founder member. His books include Hubris: How HBOS Wrecked the Best Bank in Britain, The Rise and Fall of the City of Money and The Man Who Gave Away His Island.

Bibliographic Details

Title: Hubris: How HBOS Wrecked the Best Bank in ...
Publisher: Birlinn Ltd
Publication Date: 2012
Binding: Hardcover
Condition: Very Good