HBOS financier faces losing his remaining job with FCA preparing to scrutinise it

clock

Sir James Crosby, the disgraced former chief executive of HBOS, could lose his last remaining job when it comes under the scrutiny of the Financial Conduct Authority (FCA) next year.

Crosby became chairman of online car finance group Moneybarn last July. He stepped down from all of his other positions last week in the wake of a damning report into the failure of HBOS in 2008. His role at West Sussex-based Moneybarn will be examined by the FCA next April when it takes over regulation of all consumer loan groups, the Daily Mail reports. A spokesman for the FCA confirmed that Moneybarn's chairman would have to be approved as ‘fit and proper'.  There have been widespread demands for Crosby - along with his successor Andy Hornby and former HBOS former chairman Lord ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

The active funds beating the MSCI World for the past decade

The active funds beating the MSCI World for the past decade

'The next decade could be very different'

Darius McDermott
clock 04 June 2026 • 5 min read
Commodity allocations in a volatile landscape

Commodity allocations in a volatile landscape

'Currency dynamics are also becoming more significant'

Rob Gleeson
clock 03 June 2026 • 4 min read
Why markets keep rising despite a more uncertain world

Why markets keep rising despite a more uncertain world

'For investors, maintaining diversification and portfolio resilience remains essential'

Fahad Hassan
clock 02 June 2026 • 4 min read