HBOS report: How did HBOS collapse? Here’s a timeline showing what happened in the run-up to its fall
Get ready for the resurgence of the phrase "too big to fail": a Bank of England investigation into the collapse of HBOS is to be published today, and politicians are limbering up for some serious finger pointing.
It's the second report into the collapse of the bank, which was rescued by Lloyds TSB and the government in 2008.
Bad news is expected for some of the bankers who were in charge at the time of its collapse, after reports suggested they could befall the same fate as Petter Cummings, the boss of the bank's corporate division when it collapsed, who in 2012 became the only former HBOS banker to be slapped with a lifetime ban from the City, as well as being fined £500,000.
Today's report is expected to give more clarity on the events leading up to the bank's collapse. Here's what we know so far.
