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Ex HBOS boss to return honour

Former HBOS chief executive Sir James Crosby, who was criticised in a recent parliamentary report into failures at the bank, has announced that he will give up his Knighthood and forego 30 percent of his gross pension entitlement.

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Former HBOS chief gives up cancer charity position

Sir James Crosby at his home near Harrogate Credit: John Giles/PA Wire

Former HBOS chief Sir James Crosby has also announced today that he will stand down as a trustee of charity Cancer Research UK.

He said he had made the decision "with great personal sadness," but that he wanted to "put their interests firmly before mine".

He also said in the statement that he was "deeply sorry for what happened at HBOS" and that he has "always tried to act with integrity and to the best of my abilities".

Read: Where angels fear to tread: The failings of HBOS bankers

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