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Hubris Ray Perman

Hubris By Ray Perman

Hubris by Ray Perman


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Condition - Like New
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Summary

A unique insight into the collapse of one of the world's oldest banking institutions. Ray Perman charts the rise, and the fall of the Bank of Scotland that caused seismic shock waves throughout the financial world.

Hubris Summary

Hubris: How HBOS Wrecked the Best Bank in Britain by Ray Perman

In 1995 Bank of Scotland celebrated 300 years as Britain's oldest commercial bank. Voted 'most admired bank', respected by competitors, applauded by investors and trusted by customers, it looked forward to the next three hundred. Less than 15 years later it was bust, reviled as part of the spectacular collapse of HBOS, the conglomerate it had joined. One of the high-profile victims of the credit crunch, its spectacular fall caused seismic shock waves throughout the financial world. What went wrong? Ray Perman, who has followed the Bank since the 1970s when he was a Financial Times journalist, uncovered the story from documents and dozens of interviews with people at the top in Bank of Scotland and HBOS - from being the bank of choice for the highrolling Monte Carlo mega-rich to losing GBP10 billion. It is a cautionary tale for our times. In the complex world of modern global finance, the brilliant men who ran the company ignored the simple banking rules that their predecessors learned the hard way three centuries before.

Hubris Reviews

'as a document of the long and short-term causes of one of British banking's lowest moments, Perman's book more than delivers. Its balanced treatment of the major players involved should be required reading for anyone wondering where to position the likes of Hornby in the credit crunch Hall of Shame'

* Breaking Views *

'an engaging account of HBOS's downfall'

* Financial Times *

'[An] admirably lucid account'

* Independent on Sunday *

'We are indebted to Ray Perman for giving us a powerful lesson on what happens when you usurp the wisdom of a banking culture acquired over centuries for the pursuit of market share and profit at all and any cost'

* Scotsman *

About Ray Perman

Ray Perman was a journalist in London and Edinburgh for thirty years. He was a co-founder of the business magazine Insider Publications and was Chief Executive of Scottish Financial Enterprise from 1999 to 2003. In 2011 he was appointed Chairman of The James Hutton Institute, the first institute of its type in Europe dedicated to making new contributions to the understanding of key global issues such as food, energy and environmental security.

Additional information

GOR010414160
9781780270517
1780270518
Hubris: How HBOS Wrecked the Best Bank in Britain by Ray Perman
Used - Like New
Hardback
Birlinn General
2012-09-03
256
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
The book has been read, but looks new. The book cover has no visible wear, and the dust jacket is included if applicable. No missing or damaged pages, no tears, possible very minimal creasing, no underlining or highlighting of text, and no writing in the margins

Customer Reviews - Hubris