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Bankers 'sorry' but not 'responsible'

By James Blake

Updated on 10 February 2009

Four of the men at the centre of the banking crisis deny being "personally responsible" for what happened and say they have all lost money.

The four bankers in the firing line were Lord Stevenson of Coddenham, the former chairman of Halifax Bank of Scotland, Andy Hornby, the bank's former chief executive, as well as Sir Fred Goodwin, the former chief executive of the Royal Bank of Scotland and Sir Tom McKillop the former chairman.

It was the "s-word" that everyone wanted and expected, as bank bosses finally said "sorry" in public this morning for the chaos that led to the massive taxpayer bailout.

The apologies came as they faced hostile questioning from MPs on the treasury select committee.

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