Hubris: How HBOS Wrecked the Best Bank in Britain (43 page)

BOOK: Hubris: How HBOS Wrecked the Best Bank in Britain
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household debt
ref1

HSBC
ref1
,
ref2
,
ref3
,
ref4
,
ref5

bid for Royal Bank of Scotland
ref1

Hunter, Sir Tom
ref1
,
ref2
,
ref3
,
ref4

 

Institute of Bankers in Scotland
see
Chartered Institute of Bankers in Scotland

Intelligent Finance
ref1
,
ref2
,
ref3

International Monetary Fund
ref1
,
ref2
,
ref3
,
ref4

Ivory, Brian
ref1

 

Jenkins, David
ref1
,
ref2
,
ref3

 

Kallakis, Achilleas
ref1

Kearton, Lord
ref1

King, Mervyn
ref1
,
ref2

Knox, Lesley
ref1
,
ref2

 

Lambert, Sir Richard
ref1

Lawson, Lord
ref1
,
ref2

Lehman Brothers
ref1
,
ref2

Leighton, Sir Allan
ref1
,
ref2
,
ref3

Leslau, Nick
ref1
,
ref2

LIBOR scandal
ref1
,
ref2

LloydsTSB
ref1
,
ref2
,
ref3
,
ref4

bids for Abbey National
ref1

HBOS takeover
ref1

low average salary
ref1

redundancies
ref1

share price drops
ref1

staff stress
ref1

talks with Northern Rock
ref1

Loudwater Investment Partners
ref1

 

Mackay, Lindsay
ref1
,
ref2

Maclean, John
ref1
,
ref2

Masterton Gavin

becomes Treasurer
ref1

comments during bid
ref1

and David Murray
ref1

Dunfermline football ground loan
ref1

emphasis on sales
ref1

inspection department
ref1

MBOs
ref1

plans NatWest bid
ref1

retires
ref1

Mathewson, Sir George

abandons Ryder Cup
ref1

attempt to save Bank
ref1

becomes chairman
ref1

joins Royal Bank
ref1

knighted
ref1

partnership with George Younger
ref1

plots internal takeover
ref1

post-bid depression
ref1

SDA
ref1

sells Charterhouse
ref1

splits Royal Bank into three
ref1

Matthew, Colin
ref1
,
ref2
,
ref3
,
ref4
,
ref5
,
ref6

Mayhew, Sir David
ref1
,
ref2
,
ref3

McFadden, Pat
ref1

McFall, Lord
ref1
,
ref2

McQueen, Gordon
ref1
,
ref2
,
ref3

Merrill Lynch
ref1
,
ref2
,
ref3
,
ref4
,
ref5

Midland Bank
ref1

Mitchell, George

becomes Governor
ref1

becomes Treasurer
ref1

HBOS corporate banking
ref1

loses temper
ref1

NatWest bid team
ref1

evidence to parliamentary commission
ref1

resigns
ref1

signs off Arcadia deal
ref1

Monopolies and Mergers Commission
ref1

Moody
ref1
,
ref2

Moore, Paul
ref1
,
ref2
,
ref3
,
ref4

Morgan Stanley
ref1
,
ref2

Murray, Sir David
ref1
,
ref2

 

National Australia Bank
ref1
,
ref2

National Westminster Bank

1974 crisis
ref1
,
ref2

bid defence
ref1

concedes defeat
ref1

Legal & General bid
ref1
,
ref2

poor record
ref1

rejects improved offer
ref1

rejects merger
ref1

sacks Chief Executive
ref1

shares plunge
ref1

non-performing loans
ref1
,
ref2

Northern Rock

125 per cent mortgages
ref1

aggressive growth
ref1
,
ref2

bank run
ref1

funding crisis
ref1

nationalised
ref1

 

Oil Shock
ref1

 

Parliamentary Commission on Banking Standards
ref1

hearings
ref1

HBOS report
ref1

Paterson, Sir William

attacks Bank of Scotland
ref1

Bank of England
ref1

early life
ref1

loses his family and his reason
ref1

vision for Darien
ref1

Pattullo, Sir Bruce

annoyed by poaching
ref1

becomes Chief Executive
ref1

becomes Governor
ref1

caution
ref1

character and early career
ref1

Chief Executive British Linen
ref1

concern about deposits
ref1

doubles market share
ref1

expansion into England
ref1

knighted
ref1

launches Friend for Life campaign
ref1

in Liverpool
ref1

made Treasurer
ref1

Management Board
ref1

organises oil conference
ref1

partnership with Tom Risk
ref1

Presbyterian instinct
ref1

quits Standard Life
ref1

recipe for success
ref1

retires
ref1

seeks acquisitions
ref1

tennis
ref1

valedictory message
ref1

woos building societies
ref1

Pell, Gordon
ref1

Peston, Robert
ref1
,
ref2

Philips, Rory
ref1
,
ref2

PPI (payment protection insurance)
ref1

 

Quest, David
ref1
,
ref2

 

Reid, Sir Bob
ref1
,
ref2
,
ref3
,
ref4
,
ref5
,
ref6

retail deposits
ref1
,
ref2
,
ref3

importance of
ref1

proportion falls
ref1

Return on Equity (RoE)
ref1
,
ref2

Reuben brothers
ref1
,
ref2

Risk, Sir Tom

becomes Governor
ref1

deputy Governor
ref1

distain for London
ref1

retires
ref1

Robertson, Dr Pat

attacked
ref1

campaign against
ref1

controversial views
ref1

partnership with Bank of Scotland
ref1

Scotland ‘a dark land’
ref1

Rowland, Sir David

hits back at bid
ref1

NatWest chairman
ref1

Royal Bank of Scotland
ref1
,
ref2

acquires Loganair
ref1

bids for NatWest
ref1

founded 1727
ref1

harasses Bank of Scotland
ref1

launches Tesco Bank
ref1

loses out to Halifax
ref1

Project Columbus
ref1

receives bids
ref1

rights issue
ref1

select committee report
ref1

shares fall
ref1

suffers from poor management
ref1

wins NatWest
ref1

 

Sainsbury’s Bank
ref1
,
ref2

Salmond, Alex
ref1

Samuel, Will
ref1
,
ref2

Sandler, Sir Ron
ref1
,
ref2
,
ref3

Santander
ref1
,
ref2

Saunders, Robin
ref1

savings ratio
ref1

Scottish Co-operative Bank
ref1

secondary banking crisis
ref1
,
ref2

securitisation
ref1
,
ref2
,
ref3
,
ref4

self-certified mortgages
ref1
,
ref2
,
ref3

Shankland, Graeme
ref1
,
ref2

Shaw, Sir Jack

acting Governor
ref1

apologises over Robertson
ref1

makes bid call
ref1

meets Abbey National
ref1

retires
ref1

Sherwood, Louis
ref1
,
ref2

Sherwood, Mike
ref1
,
ref2

Simpson, Lord
ref1

Smith, Sir Robert
ref1

Spowart, Jim
ref1
,
ref2
,
ref3

Standard & Poors
ref1
,
ref2
,
ref3
,
ref4

Standard Chartered Bank

bid for Royal Bank of Scotland
ref1

Standard Life

buys Bank stake
ref1

sells Bank stake
ref1

Standard Life Bank
ref1

‘staying at the table’
ref1
,
ref2
,
ref3

Stevenson, Lord Dennis
ref1

annual report statement
ref1

apologises to shareholders
ref1

Armageddon warning
ref1

board dinner
ref1

City reputation
ref1

easy style
ref1

evidence to parliamentary commission
ref1

Halifax chairman
ref1

letter to FSA
ref1

M&S board
ref1

parliamentary commission criticism
ref1

remuneration
ref1
,
ref2

resigns
ref1

select committee evidence
ref1

share incentives
ref1

‘to be fired’
ref1

 

Tchenguiz, Robert
ref1
,
ref2

Tchenguiz, Vincent
ref1
,
ref2
,
ref3

Tesco Bank
ref1

Thatcher, Lady
ref1
,
ref2
,
ref3
,
ref4
,
ref5
,
ref6

and deregulation
ref1

Tookey, Tim
ref1
,
ref2
,
ref3

tripartite regulatory system
ref1

Tucker, Mark
ref1

Tugendhat, Lord
ref1

Turnbull, Lord
ref1
,
ref2
,
ref3

Tyrie, Andrew
ref1
,
ref2

 

Uberior Investments
ref1
,
ref2
,
ref3

Urquhart-Stewart, Justin
ref1

 

Walker, Sir David
ref1

Wanless, Derek

NatWest Chief Executive
ref1

sacked
ref1

Welby, Justin
ref1
,
ref2
,
ref3

wholesale money market
ref1
,
ref2

Wigley, Bob
ref1
,
ref2

women and banking
ref1

World Bank
ref1
,
ref2

 

Yea, Philip
ref1

Yorkshire Bank
ref1

Younger, Sir George
ref1
,
ref2

Sir Walter Scott broods before the former Bank of Scotland headquarters in Edinburgh. It was the heart of the Bank for nearly 200 years; now it is just another
office of the Lloyds Banking Group. (Ray Perman)

 

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