Disgraced Crosby steps down from Bridgepoint role

The Parliamentary Commission on banking standard said Crosby and other senior figures at HBOS were the architects of the its downfall.

The committee claimed Crosby's team were so inept that the bank would have collapsed regardless of the financial crisis. HBOS was rescued by Lloyds in 2009, though the weight of its bad debts forced Lloyds to receive government assistance.

The group of MPs said Crosby, as well as other former senior managers of HBOS Lord Stevenson and Andy Hornby, should be banned from working in financial services.

Crosby has been on Bridgepoint's European Advisory Committee since 2006, shortly after he stepped down as chief executive of HBOS.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• People
• Industry
• Bridgepoint