Ticker	Volume	Price	Price Delta
DJIA	15,303.10	+8.60	0.06%
S&P 500	1,649.60	-0.91	-0.06%
Nasdaq	3,459.14	-0.27	-0.01%

Ticker

Volume

Price

Price Delta

DJIA

15,303.10

+8.60

0.06%

S&P 500

1,649.60

-0.91

-0.06%

Nasdaq

3,459.14

-0.27

-0.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Bailey Criticizes Former Chiefs of Scottish Banks, Herald Says

By Peter Woodifield - 2011-01-11T08:05:25Z

Former top executives at Royal Bank of Scotland Group Plc and HBOS Plc lost sight of sound principles of banking before their institutions were rescued, the Herald cited Bank of England Chief Cashier Andrew Bailey as saying in an interview.

RBS, which was led by Fred Goodwin before the taxpayer took an 83 percent stake to stop it from collapsing in 2008, made some “very bad” decisions, Bailey told the Glasgow-based newspaper.

RBS’s funding profile was “substantially out of line” with what was prudent practice, Bailey told the paper. The controls around the expansion of its investment banking operations were inadequate, he said.

HBOS, which was led by Andy Hornby before it was bought by Lloyds Banking Group Plc in 2008, didn’t have the necessary management understanding to expand its Halifax mortgage banking unit as fast as it did, Bailey told the Herald.

To contact the reporter on this story: Peter Woodifield in Edinburgh at pwoodifield@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge in London at Ckeatinge@bloomberg.net

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