Bank Lemmings Ignored My Warning - Sacked Executive ; Bosses Say Sorry As Mps Told Alarm Was Raised Over Stability of Hbos

Summary


AN executive at Halifax Bank of Scotland was sacked after warning the bank's expansion was a threat to the financial stability of the UK, MPs were told yesterday.

The revelation came on a day when former bosses of some of Britain's biggest banks apologised to MPs for the impact of the banking crisis.

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Bank Lemmings Ignored My Warning - Sacked Executive ; Bosses Say Sorry As Mps Told Alarm Was Raised Over Stability of Hbos

Paul Moore was head of Group Regulatory Risk at HBOS until 2005, when he was dismissed by then bank chief Sir James Crosby - now a key adviser to Gordon Brown.

Mr Moore has since settled a claim against the company for unfair dismissal.

In a letter to the Commons Treasury Select Co...

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