Late Lunchtime Links: Another 'delusional' bank bites the dust with HBOS report

How many more times must we be reminded that banking executives took stupid risks during the run-up to the financial crisis, bringing on the deepest recession since the Great Depression? A damming report from the UK Parliamentary Commission on Banking Standards called HBOS management 'delusional' after it ran the bank into a collapse that cost taxpayers more than £20bn. A first casualty appears to be former chief executive Sir James Crosby, who resigned as an adviser to private equity firm Bridgepoint.

HBOS execs join Jon Corzine at MF Global and Barclays' management as being singled out by regulators and government in recent days for lousy management, leading to disaster at the banks they ran. A common theme is ignoring risks of the market, a note the Bank of England echoed again today. What does this mean for those now seeking their fortunes in the City and on Wall Street? Banks are now looking for conservative types, those adverse to risk as well as compliance and risk assessors who can keep the cowboys in line.

Meanwhile:

Blomberg puts tweets on the wire (AThingsD)

US adds only 80K jobs (WSJ)

Goldman's Friedman to retire (Bloomberg)

Jeremy Bennett likely to run Nomura in Europe (FinancialNews)

How to try again for a bank job (eFinancialCareers)