Ex-HBOS chief Crosby to forfeit knighthood

Former HBOS chief executive Sir James Crosby is to give up his knighthood, according to reports.

He was head of the failed bank from 2001 to 2006. The BBC said his request would now be considered by a Whitehall honours committee. In a statement, Crosby said: "Although I stood down as CEO of HBOS in 2006, some three years before it was taken over by Lloyds, I have never sought to disassociate myself from what has happened. "I would therefore like to repeat today what I said when I appeared in public before the commission in December; namely that I am deeply sorry for what happened at HBOS and the ensuing consequences for former colleagues, shareholders, taxpayers and society in ge...