The FCA said the investigations would decide whether the former bosses, who include ex-chief executive Andy Hornby and his chairman, Lord Stevenson, should face prohibition proceedings.
The decison follows a highly critical report by Andrew Green QC regarding regulatory enforcement decisions taken over HBOS, which traded as Halifax and Bank of Scotland. The bank was rescued by Lloyds in a Labour government-engineered deal in September 2008.
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This article was written by Sean Farrell, for theguardian.com on Thursday 28th January 2016 10.21 Europe/Londonguardian.co.uk © Guardian News and Media Limited 2010