d and yet had quickly to reach some very tough decisions about the government's involvement in their businesses. HBOS's chairman was my old friend, Dennis Stevenson. I did not speak to him, or his chief executive Andy Hornby, at this stage but later he described to me the `perfect storm' that had engulfed their

d and yet had quickly to reach some very tough decisions about the government's involvement in their businesses. HBOS's chairman was my old friend, Dennis Stevenson. I did not speak to him, or his chief executive Andy Hornby, at this stage but later he described to me the `perfect storm' that had engulfed their