Banker second chances: second life

Do failed bankers deserve second chances? The answer is yes – but only so long as they have shown adequate contrition and have something genuine to contribute. Andy Hornby, the former HBOS chief executive, fits the bill. His appointment as chief executive of Alliance Boots will raise some eyebrows, but nobody has a basis to object. The near collapse of HBOS was one of the most spectacular in the financial crisis. The bank horribly extended itself with toxic commercial property loans and self-ce...