HBOS: “After the ship has run aground, many.. still seem so keen to congratulate themselves on their navigational skills"

Business quote of the day.

Today’s damning report into the downfall of HBOS by the Parliamentary Commission on Banking Standards
 
“After the ship has run aground, many of those who were on the bridge still seem so keen to congratulate themselves on their collective navigational skills."
 

Photograph: Getty Images
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The New Statesman Cover: The revenge of the left

A first look at this week's magazine.

22 - 28 September issue
The revenge of the left