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    HBOS corporate lending execs could leave

    HBOS corporate lending execs could leave

    Top HBOS corporate lending execs, including the FD, could leave the company with severance pay, allege reports

    Author Writer Date published December 15, 2008 Categories

    A number of
    HBOS’
    corporate lending executives are expected to quit the bank, including FD Mike
    Ellis.

    Ellis, plus head of corporate lending Peter Cummings and treasury division
    chief Colin Matthew, are expected to step down over alleged concerns about its
    £100bn loan book and its lending policy to entrepreneurs, reported the
    Sunday
    Times    .

    The trio are could take home severance packages.

    Further reading:

    PwC front runner for lucrative
    Lloyds-HBOS audit contract

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