FSA to release HBOS report; B&B findings to stay secret

FSA chairman wrote to head of the Treasury Select Committee Andrew Tyrie earlier this month saying there is a public interest in knowing what happened at HBOS, once the regulator's has finished its investigation. Turner said the public report will provide an account of the developments over the years preceding the crisis which put HBOS in an unsustainable position in autumn 2008. "Producing such a public information report will be appropriate whatever the final result of the enforcement investigation," the letter said. Taxpayers own 43% of the super bank created when Lloyds TSB mad...