Definitions for hbos
This page provides all possible meanings and translations of the word hbos
Halifax Bank of Scotland
HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group having been taken over in January 2009. It is the holding company for Bank of Scotland plc, which operates the Bank of Scotland and Halifax brands in the UK, as well as HBOS Australia and HBOS Insurance & Investment Group Limited, the group's insurance division. HBOS was formed by the 2001 merger of Halifax plc and the Governor and Company of the Bank of Scotland, and the formation of HBOS was heralded as creating a fifth force in British banking as it created a company of comparable size and stature to the established Big Four UK retail banks. It is also the UK’s largest mortgage lender. HBOS Group Reorganisation Act 2006 saw the transfer of Halifax plc to the Governor and Company of the Bank of Scotland, which was now a registered public limited company, Bank of Scotland plc. Although officially HBOS is not an abbreviation of any specific words, it is widely presumed to stand for Halifax Bank of Scotland. The corporate headquarters of the group were located on The Mound in Edinburgh, Scotland; the former head office of Bank of Scotland. Operational headquarters were based in Halifax, West Yorkshire, England; the former head office of Halifax.
Sample Sentences & Example Usage
HBOS was at root a simple bank that nonetheless managed to create a big problem.
From the moment this (HBOS) went wrong, and the moment when enforcement action was being considered, because of the richness of information on Peter Cummings he was the only person who was really considered.
In the course of the investigation (into HBOS) by the regulators the FRC was invited, but turned down, the opportunity to launch an investigation into HBOS's auditor, that was a serious mistake. It is now essential, in the interests of public confidence, that the FRC get on with this investigation, and without delay.
Overdue doesn't capture it. It is eight years since the collapse of HBOS in 2008. It has taken a heap of pressure from parliament to secure appropriate action from the regulators, the lion's share of the investigatory work should already have been undertaken in the preparation of the regulators' report in to the failure of the bank.
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