Ex-HBOS boss Crosby offers back knighthood

Former HBOS chief executive James Crosby has stepped down as non-executive director of catering firm Compass Group and said he wants to be stripped of his knighthood in the light of last week’s scathing report into the bank’s collapse.

Crosby , who also said he was to give up 30% of his £580,000-a-year pension, still holds the knighthood as he cannot himself renounce the title.