Bank bashing is the country's favourite sport but were greedy company bosses as much to blame for the bad loans?

Here we go again. This week has seen a fresh round of HBOS-bashing after Lloyds revealed a £13.4bn hit due to bad loans – 80% of which came from HBOS.

Most of that 80% would have been the responsibility/fault of former head of corporate banking Peter Cummings, the man no journalist has successfully tracked down.