Geddit?!  HBOS/Hboss?  No?  I’m wasted on you lot.  So, rumoured to be another victim of his errors is Sir Victor Blank, who in the next short while is believed to be stepping down as chairman of Lloyds banking group due to investor pressure, following the disastrous acquisition of HBOS.  More after the jump.

Having taken over the ailing HBOS last autumn, Lloyds went into a loss of around £11bn.  Lloyds itself got bailed out by the British taxpayer, as the Government now owns 43% of the group.

It turns out, according to similarly unpopular chief executive Erick Daniels, the board did not have time to do sufficient due dilligence of HBOS’s accounts.  Hmmm.  So, we all knew HBOS (Bank of Scotland and Halifax) were mega screwed and ready to completely collapse, and Lloyds comes in with a rescue deal.  But surely you want to know just how screwed HBOS is before you merge with it.  No?  Nah, it’ll be fine.  Infact it’ll be amazing, you wait.  Just how amazing will it be, Sir Victor?  It will be the “deal of a lifetime”.  Note that Sir Victor was not suggeting any lifetime in particular.  In fact, it could be considered an accurate prediction for someone who in their lifetime had made absolutely the worst financial decisions possible.