UK Parliament / Open data

Banking (S.I., 2008, No. 432)

We have heard a lot about the taxpayer's potential losses, but before my right hon. Friend concludes will she say something about potential job losses? We understand that 2,000 jobs are at stake. From the evidence available to the Government, are wider job losses possible, or are we consolidating at this point in time? She mentioned responsibilities, so would she comment on the responsibilities of the previous chief executive and the directors? The chief exec, we understand, is to receive a payout of £750,000, despite the folly of the investment strategy that he pursued that resulted in significant job losses.

About this proceeding contribution

Reference

474 c585 

Session

2007-08

Chamber / Committee

House of Commons chamber
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