HBOS

Phil Hodkinson, the former finance director of HBOS, has bowed to pressure and resigned as senior independent director of Resolution, the life assurance group .

A former HBOS banker who signed off the firm's financial accounts in years leading up to its collapse collected £143,000 last year from life company consolidation vehicle Resolution.

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.

Former HBOS chief executive Sir James Crosby is to give up his knighthood and a third of his pension, according to reports.

The new City watchdog was last night fighting to defend its chairman amid accusations he enabled HBOS to pursue its reckless lending strategy.

Business secretary Vince Cale is pushing forward on plans to ban three former HBOS directors from acting as company directors.

The Banking Standards Commission has asked the Financial Services Authority (FSA) to consider if three former HBOS bankers should be barred from future roles in the financial sector.

The senior executives of collapsed bank HBOS will come under fire from MPs on Thursday with the publication of a damning report on the failed bank.

Two former employees of HBOS have been arrested along with a string of other suspects following an investigation into loans offered by the bank prior to its collapse.

The former chairman of collapsed lender HBOS was berated by MPs and peers yesterday and accused of being "either delusional or dishonest", The Times reports.