FCA orders new inquiry into HBOS chiefs
by Sean Farrell from on (#1240F)
The City regulator is to re-examine events surrounding near-collapse of HBOS group and whether its bosses should face action
City regulators are to investigate the role of HBOS's senior management in the near-collapse of the bank during the financial crisis more than seven years ago.
The Financial Conduct Authority and the Bank of England's Prudential Regulation Authority (PRA) will look into the bank's former bosses, who could be barred from working in the City.
Related: HBOS timeline: the countdown to collapse
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