David Parkin on the HBOS furore and the passing of Baroness Thatcher

QUESTION: Who is the odd one out? Former HBOS directors Sir James Crosby, Andy Hornby and Lord Stevenson, or Terry Wogan?

Answer: Terry Wogan, as he is the only one with banking qualifications.

I can't lay claim to this illuminating fact, it was quoted by City financier Terry Smith on Radio 4's Today programme this week, and amply explains why HBOS flourished in the boom times and hit the buffers as soon as markets took a turn for the worse.

Whilst the HBOS trio must shoulder much of the blame for what happened to... For the full story register now for free or login below...