Results tagged “HBOS”

Deputy chief of the FSA quits

By Rob Virtue on February 11, 2009 12:10 PM |

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The Financial Services Authority boss at the centre of accusations from a former HBOS manager has resigned.

Sir James Crosby, the deputy chief executive of the FSA made the announcement in an emailed statement on Wednesday.

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PRIME minister Gordon Brown wants to "root out the irresponsible risk taking" in the banking sector after launching a £37billion taxpayer bail-out.

The Government are to pump £20billion into the Royal Bank of Scotland and £17billion into the recently-merged Lloyds TSB and HBOS institution.

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