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  1. Wealth
February 10, 2009

Breaking news: Bankers apologise

By Spear's

Four of the country’s former leading banks chiefs today said they were “profoundly and unreservedly sorry” for events leading to the banking crisis as they faced a public grilling from MPs.

From the Guardian:

Four of the country’s former leading banks chiefs today said they were “profoundly and unreservedly sorry” for events leading to the banking crisis as they faced a public grilling from MPs.

Sir Fred Goodwin and Sir Tom McKillop, the former chief executive and chairman of RBS respectively, and Andy Hornby and Lord Stevenson, the former chief executive and chairman of HBOS respectively, apologised to the Treasury select committee for failing to prevent the circumstances which led their banks being taken largely into public ownership.

The four made their comments at the opening of a hearing that saw them being accused by MPs of living in denial, destroying great British institutions and – in one case – having a “different moral compass” from other people.

To read the full article, visit guardian.co.uk

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