Pressure intensifies on the HBOS Three
The backlash against three former HBOS executives intensified today following a damning report into the bank’s collapse.
Sir James Crosby, the group’s former chief executive, quit as an adviser to a private equity firm Bridgepoint amid calls for him to be banned from working in the City. Sir James, fellow former chief executive of HBOS Andy Hornby and past chairman Lord Stevenson came under fire in the withering report by the Parliamentary Commission on Banking Standards.
The commission is urging the financial services regulator to consider barring the trio from working again in the Square Mile.
Sir James, who was chief executive of HBOS from 2001 to 2006 and also former deputy chairman of the Financial Services Authority, is still a senior independent director of catering firm Compass. Mr Hornby is now chief executive of gaming group Gala Coral, which said he had its “complete backing”.
Reacting to calls for Sir James to be stripped out of his knighthood, Andrew Tyrie, the Conservative MP who chairs the commission, said: “I don’t think the public are so concerned about knighthoods, what they want is reassurance that they won’t get hit by this again.”
The Independent's live blog of today's Premier League action
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- 3 Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 4 Matthew Miller: American sentenced to hard labour in North Korea 'wanted to be Snowden II'
- 5 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
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Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Isis in Syria: 60,000 Kurds flee terror in new exodus
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
4Chan naked photos leak: Celebrity Twitter reactions to the mass breach of privacy
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
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Archbishop of Canterbury admits doubts about existence of God
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