Deputy chairman of the FSA resigns

James Crosby, the former chief executive of HBOS has resigned from his post as the deputy chairman of the FSA after allegations that he ignored risk warnings about the growth of the now-stricken UK bank.

The FSA confirmed Crosby's resignation.

Crosby's departure followed allegations that former HBOS executive-cum-whistleblower Paul Moore sent a note to the company warning that their company had grown

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FCA stops potential ghost broker from trading

The Financial Conduct Authority has stopped Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.

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