James Crosby: lynch mob victim or banker making amends?

Ex-HBOS boss lauded for giving up his knighthood, but was report into bank 'sloppy'?

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SIR JAMES CROSBY, the disgraced ex-HBOS chief executive who yesterday surrendered his knighthood and a third of his £580,000-per-year pension, has been praised as a banker "with a sense of shame". However, a more sceptical view is that he was simply trying to deflect the baying of the lynch mob.

Crosby, who ran HBOS between 2001-2006, asked Whitehall authorities to remove his knighthood in the wake of Friday's damning report into the bank's catastrophic collapse from the Parliamentary Commission on Banking Standards.

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