Regulators will conduct a review into whether enforcement action against management team should be taken ‘as early as possible next year’Former top managers of HBOS could be banned from working in the City after a damning report into the near collapse of the bank seven years ago laid the blame squarely on its former board and senior directors.
At least 10 former executives – including chairman Lord Stevenson and chief executives Andy Hornby and James Crosby – could be subject to formal investigations after a decision not to pursue them before now was described as “materially flawed”. Related: HBOS report: a damning indictment of failed bankers and regulators Related: HBOS collapse: where are the main players now? Related: HBOS timeline: the countdown to break down Continue reading...
Source: theguardian.com