Former HBOS boss Andy Hornby to take charge of public company

Job heading up merged Ladbrokes-Coral business increases pressure on City regulators to report on Hornby's role in lender's demise

Andy Hornby, the former boss of failed bank HBOS, will secure a senior role in the gambling business formed from the merger of Ladbrokes and Gala Coral, putting pressure on City regulators to publish a long-awaited report on his role in the mortgage lender's implosion.

Hornby is to be appointed chief operating officer of the whole group and will pick up a large bonus following the merger, which is expected to be announced on Friday after more than a month of talks.