FSA deputy chairman Crosby quits

Former HBOS chief executive Sir James Crosby has dramatically resigned as deputy chairman of the Financial Services Authority (FSA).

The shock move follows claims that he sacked a former head of risk management at the bank after he warned over the rapid growth of the business.

Sir James said he was confident there was "no substance" in the allegations, but felt the "right course of action" was to resign from the FSA board.

These news feeds are provided by an independent third party and Channel 4 is not responsible or liable to you for the same.

Send this article by email

Recipient's email address

Your name