When Paul Moore was appointed to the top executive position of Head of Risk for Britain’s fastest-growing bank, he believed he would be able to retire at 50.
The married father-of-three was hand-picked to ensure newly merged Halifax Bank of Scotland (HBOS) would realise its multi-billion-pound expansion plan.
For a year all went well. Then Paul uncovered wrongdoing on an industrial scale and his hopes for the future unravelled in devastating fashion. Instead of acting on his warnings, the HBOS Chief Executive Officer fired Paul and the financial community closed ranks to blackball him for good from the industry.
Addiction, deep depression and marriage problems were direct consequences of the bank’s actions and at times, Paul wished only to be dead.
When the banking crisis of 2008 hit worldwide, Paul’s predictions became spectacularly true as HBOS collapsed, almost bringing down the entire financial system with it. His “explosive” evidence to the UK House of Commons Treasury Select Committee into what happened, sent shockwaves to the very top of the British Establishment and caused a global media frenzy.