Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: Former HBOS executive quits Bridgepoint

Sir James Crosby has quit his job at Bridgepoint following a critical report on his work at HBOS bank from the Banking Standards Commission.

Mr Crosby was working as an advisor at the private equity company, Bridgepoint, but has stepped down from this role following the Commission’s report.

The Banking Standards Commission said that Mr Crosby was one of three people who were responsible for the financial difficulties that HBOS, which is made up of Halifax and the Bank of Scotland, faced during the crisis of 2008.

Alongside the former chairman, Lord Stevenson, and another former chief executive, Andy Hornby, the report said that the standards of management from Mr Crosby meant that the bank would have fallen even if the financial crisis had not happened.

It said: "The primary responsibility for the downfall of HBOS should rest with Sir James Crosby, architect of the strategy that set the course for disaster, with Andy Hornby, who proved unable or unwilling to change course, and Lord Stevenson, who presided over the bank's board from its birth to its death."

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801567578-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide