My Successors 'Got Greedy,' Accuses Former Hbos Boss ; Banking [Edition 2]

Evening Standard - London › February 18, 2009

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Summary

SIR Peter Burt, former chief executive of Bank of Scotland, today accused his successors at HBOS, which had to be taken over by Lloyds TSB last month, of being "greedy".

Burt was one of the key architects of the merger of former building society Halifax with his own Bank of Scotland to create HBOS in 2001. He stayed on as deputy chairman of the enlarged group for another two years.

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Extract

My Successors 'Got Greedy,' Accuses Former Hbos Boss ; Banking [Edition 2]

Today he told the Herald newspaper the latest banking-industry crisis is " a ...

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