Bailed-out British lender HBOS was so badly run it would have failed even without the 2008 financial crisis and the regulator should consider banning its former bosses from the industry, UK lawmakers said in a damning report. The Parliamentary Commission on Banking Standards, tasked with finding ways to reform UK banks, said on Friday that HBOS was an "accident waiting to happen", with bad lending and losses across the business likely to have led to its insolvency even without the funding and liquidity problems of the financial crisis. The committee said regulators bore some of the blame, but primary ... (full story)