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.
Which? consumer rights group said the latest report into banking standards, which names and shames HBOS executives for their role in the demise of the bank, is another "shocking example" of failure.
Which? executive director Richard Lloyd said the report shows the need for a "big change in culture" to make banks work for their customers.
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.