1 of 1 people found the following review helpful
Verified Purchase(What is this?)
This review is from: Hubris: How HBOS Wrecked the Best Bank in Britain (Kindle Edition)
This is a first rate description of what went wrong with the Bank of Scotland, you can add all the other banks as well. This was a race to the top or bottom depending on how you review the end result. People who had no banking experience running banks against all historical ethics which built the banks into the force they once were. The term ''boring banks'' was used by members of the press, this in turn drove the directors of the banks to their ludicrous aim of trying to be the biggest, well they succeeded, the biggest failures in corporate history. I do not understand why some of the directors were not prosecuted, especially when you hear their comments to the select committees. Perman demonstrates how the mistakes were made and compounded, this is a really good book, I found it difficult to put down.