Three former HBOS directors blamed for the banking group's collapse in a damning report may be banned for life as company directors. Business Secretary Vince Cable has ordered a probe to see if enough evidence can disqualify the trio.
Sir James Crosby
Sir James Crosby was chief executive of HBOS from 2001 to 2006, and former deputy chairman of (banking regulator) the FSA.
He resigned this morning from his position at private equity firm Bridgepoint, and remains as a senior independent director of catering giant Compass.
He also remains chairman of the car credit company Money Barn, a spokeswoman for the company said.
Andy Hornby:
Andy Hornby was chief executive of HBOS until it was rescued by Lloyds (which was then rescued with £20bn bailout from taxpayers) in September 2008. He resigned as chief executive of Alliance Boots in 2011.
Currently chief executive of sports betting company Coral, who said today he has the "complete backing" of the board and is doing a "great job".
Lord Dennis Stevenson
Lord Dennis Stevenson was made a life peer in 1999, and sits on the cross benches of the House of Lords. He was chairman of HBOS until 2008. He has now returned to his venture capital roots, mainly through Loudwater Investment partners.
He has held a number of non-executive director positions, including at the Western Union, and the Economist.
A former boss of state-owned bank HBOS has said he will hand back his knighthood and almost a third of his pension after damning criticism.
A parliamentary report published today catalogues the foolish ambition which led to the collapse of the Bank of Scotland and Halifax.