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It’s been Stampede Week in the City of London but instead of bucking broncos and steers, the animals in the rodeo have been bankers, lassoed, hobbled and branded as greedy and incompetent by two separate enquiries. The Parliamentary Commission on Banking Standards today published a report which calls on City regulators to ban three former board directors of HBOS from running financial companies. The Commission’s damning verdict on the HBOS three emerged a day after an internal report commissioned by Barclays Bank PLC, condemned the bank’s extravagant pay and warped “culture of entitlement” which left Barclays’ top 70 staff “oblivious to reality.”

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