Daily Record

Crash fatcats who went on to get fatter

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ADAM APPLEGARTH

Under him, Northern Rock were transforme­d from a sleepy Newcastle building society into the UK’s fifth biggest mortgage lender.

But risky policies, including 125 per cent mortgages, were their undoing. Fears for their future led to customers queueing outside branches to get money out.

Applegarth, paid £10million in the five years before they collapsed, sauntered away with a £760,000 pay-off.

In 2009, he began advising US private equity firm Apollo Management. He owns a £2.5million pile on the edge of a golf course near Newcastle.

ANDY HORNBY

A one-time star of British business who came top in his class at Harvard. Ran HBOS when they were rescued by Lloyds. Has successful­ly

moved on from the crisis but stayed in the background.

Became chief executive of privately-owned Alliance Boots but quit in 2011 with a pay-off.

Then made chief executive of bookmaker Coral, who were taken over by Ladbrokes. Now holds a senior job at GVC, who bought Ladbrokes Coral.

ERIC DANIELS

Daniels was running Lloyds Bank when they took over HBOS, a disaster of a move that led to Lloyds needing to be bailed out by the taxpayer. The American left in 2011 with a £5million pension pot. Lloyds later withheld a shares bonus he was due but he took the firm to court and won earlier this year, resulting in him getting another £1.3million.

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