How to do a banking inquiry

By Sean Whelan, Economics Correspondent So it looks like Matthew Elderfield is off to Lloyds Bank in London. There is certainly a big job to be done in repairing the regulatory side there, if the recent UK Houses of Parliament report into its Halifax – Bank of Scotland (HBOS) unit is anything to go by. Entitled “An accident waiting to happen”, the report doesn’t hold back in its conclusions, describing HBOS growth strategy as “a manual for failed banking” (the …