Business secretary Vince Cale is pushing forward on plans to ban three former HBOS directors from acting as company directors.
The BBC reports Cable wants to see if there is sufficient evidence to begin disqualification proceedings against Andy Hornby, Lord Stevenson and Sir James Crosby. A source told the BBC Cable "feels outraged" by the situation. On Friday, a report from the Banking Standards Commission blamed the three men for the bank's collapse in 2008. The Business Department confirmed officials have been instructed to see if there is sufficient evidence to start disqualification procedures. None of the men have been formally punished for their roles in HBOS's failure. Meanwhile, the Sunday T...
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