BusinessCompany NewsHBOS 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

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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