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10/04/2013
Ex-Chief Of Failed Bank Asks To Return Knighthood
Following a critical report into the collapse of HBOS during the financial crisis, former chief executive Sir James Crosby has asked for his knighthood to be removed, will forgo 30% 30% of his £580,000-a-year HBOS pension and has resigned as a non-executive director of Compass Group.
Sir James, who served as chief executive at HBOS between 2001 and 2006, was described by the Banking Standards Commission report as the "architect" of the strategy that led to the banks downfall.
His request will now be considered by a Whitehall honours committee.
(H/CD)
Sir James, who served as chief executive at HBOS between 2001 and 2006, was described by the Banking Standards Commission report as the "architect" of the strategy that led to the banks downfall.
His request will now be considered by a Whitehall honours committee.
(H/CD)
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05 April 2013
Call To Ban HBOS Bank Bosses
The Banking Standards Commission has said financial regulators should consider banning three top HBOS bankers from future roles in the financial sector. The Parliamentary Commission on Banking Standards said former chairman Lord Stevenson, as well as past Chief Executives Sir James Crosby and Andy Hornby, were to blame for the collapse of the bank.
Call To Ban HBOS Bank Bosses
The Banking Standards Commission has said financial regulators should consider banning three top HBOS bankers from future roles in the financial sector. The Parliamentary Commission on Banking Standards said former chairman Lord Stevenson, as well as past Chief Executives Sir James Crosby and Andy Hornby, were to blame for the collapse of the bank.
18 November 2009
Archie Norman Is New ITV Chairman
ITV has announced that Archie Norman has been appointed as the broadcaster's new boss. Mr Norman, a former Conservative politican and the Asda Chief Executive - who is credited for turning the supermarket chain's fortunes around in the 1990s - will take over the post from Michael Grade, who is stepping down, in January 2010.
Archie Norman Is New ITV Chairman
ITV has announced that Archie Norman has been appointed as the broadcaster's new boss. Mr Norman, a former Conservative politican and the Asda Chief Executive - who is credited for turning the supermarket chain's fortunes around in the 1990s - will take over the post from Michael Grade, who is stepping down, in January 2010.
11 February 2009
Former HBOS Boss Steps Down From FSA
City watchdog boss Sir James Crosby has resigned from his high profile deputy chairman post. Sir James, who helped head up the Financial Services Authority, has came under close scrutiny over his alleged failure to respond to risk warnings while Chief Executive of HBOS. He was the bank's boss between 2001 and 2006.
Former HBOS Boss Steps Down From FSA
City watchdog boss Sir James Crosby has resigned from his high profile deputy chairman post. Sir James, who helped head up the Financial Services Authority, has came under close scrutiny over his alleged failure to respond to risk warnings while Chief Executive of HBOS. He was the bank's boss between 2001 and 2006.
17 April 2014
Co-Op Group Announce £2.5bn Loss
Marking the worst results in its 150-year history, the Co-op Group has filed losses of £2.5bn for 2013. The Group said that £2.1bn of losses came from the Co-operative Bank, including a trading loss of £1.44bn for the year to December 2013. The losses have been described as "disastrous" by chief executive Richard Pennycook.
Co-Op Group Announce £2.5bn Loss
Marking the worst results in its 150-year history, the Co-op Group has filed losses of £2.5bn for 2013. The Group said that £2.1bn of losses came from the Co-operative Bank, including a trading loss of £1.44bn for the year to December 2013. The losses have been described as "disastrous" by chief executive Richard Pennycook.
05 May 2011
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
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