Crosby Quits

itsnever2lateisit?

Sir James Crosby has quit as deputy of the FSA, guess he doesn't want folks poking into the allegation that he fired Paul Moore when at HBOS

Sir_Humphrey

itsnever2lateisit? wrote: »

Sir James Crosby has quit as deputy of the FSA, guess he doesn't want folks poking into the allegation that he fired Paul Moore when at HBOS

He had to go/be pushed.

torontoboy45

I was amused by the spin HBOS put on moore's dismissal: 'made redundant due to restructuring'.
strange that Moore's recollection of leaving is different.
I wonder what broon makes of it.

amcluesent

Excellent news. Another of the [strike]President's[/strike]Clown's men is shown the flap from the 'big tent'.

purch

I wonder what broon makes of it

He'll probably put him in charge of the Serious Fraud Office :eek:

Apparantly he's quite an expert on the subject !!!!

SGE1

itsnever2lateisit? wrote: »

Sir James Crosby has quit as deputy of the FSA, guess he doesn't want folks poking into the allegation that he fired Paul Moore when at HBOS

I don't think it's that he doesn't want poking - the poking will happen regardless. And we may very well find out that the issue was properly independently investigated by KPMG, and that this Moore fellow has just been telling us vengeful porky pies.

Quite impressed that either the FSA and Gov't gave him the push to quickly; or that he didn't squabble to keep and job and accepted that he had to resign immediately.

FraudBuster

<H1 class=firstHeading id=firstHeading>James Crosby (British businessman)

From Wikipedia, the free encyclopedia

(Redirected from James Crosby (FSA))
Jump to: navigation, search

This article is about a person involved in a current event.
Information may change rapidly as the event progresses. (February 2009)Sir James Robert Crosby (born March 14 1956) is a British banker, the former chief executive of the HBOS banking group and the former Deputy Chairman of the Financial Services Authority, the financial services regulator in the United Kingdom, prior to his resignation in February 2009.[1]
Contents

URL="http://javascript<b></b>:toggleToc()"][U][COLOR=#0000ff]hide[/COLOR][/U][/URL

• <LI class=toclevel-1>1 Early life <LI class=toclevel-1>2 Career
  • <LI class=toclevel-2>2.1 HBoS <LI class=toclevel-2>2.2 FSA, resignation
  • 2.3 Other roles
  <LI class=toclevel-1>3 Links with Gordon Brown <LI class=toclevel-1>4 Personal life
• 5 References

//
URL="http://en.wikipedia.org/w/index.php?title=James_Crosby_(British_businessman)&action=edit&section=1"][U][COLOR=#0000ff]edit[/COLOR][/U][/URL Early life

Crosby was educated at the Lancaster Royal Grammar School between 1967 and 1974. After leaving the school, Crosby continued his studies in mathematics at Brasenose College, Oxford.[2]

URL="http://en.wikipedia.org/w/index.php?title=James_Crosby_(British_businessman)&action=edit&section=2"][U][COLOR=#0000ff]edit[/COLOR][/U][/URL Career

Crosby joined financial services company Scottish Amicable in 1976 and then joined J Rothschild Assurance in 1977. After qualifying as a Fellow of the Faculty of Actuaries in 1980, he was part of the management team which founded wealth management firm St James Place plc in 1991, from floating out a majority of J Rothschild Assurance.[3]

URL="http://en.wikipedia.org/w/index.php?title=James_Crosby_(British_businessman)&action=edit&section=3"][U][COLOR=#0000ff]edit[/COLOR][/U][/URL HBoS

Crosby joined the Halifax bank in 1994 as Managing Director of Halifax Life.[4] Five years later, he became the chief executive of Halifax plc, and in 2001 Crosby became the first chief executive of the newly-formed HBOS Group after overseeing the merger between Halifax plc and the Bank of Scotland.[5] Crosby left this position in July 2006,[6] leaving HBOS as the fourth largest bank in the United Kingdom in terms of market capitalisation. During his time at HBOS massive mortgage fraud was discovered by an undercover investigation for The Money Programme – Mortgage Madness (29.10.03) [7]

URL="http://en.wikipedia.org/w/index.php?title=James_Crosby_(British_businessman)&action=edit&section=4"][U][COLOR=#0000ff]edit[/COLOR][/U][/URL FSA, resignation

After a sabatical period, Crosby was appointed Deputy Chairman of the Financial Services Authority.
During a session of the Treasury Select Committee of the House of Commons on February 10th, 2009, it was alleged that HBOS had ignored warnings by its former head of Group Regulatory Risk, Paul Moore, relating to risky business practices. In 2005 Moore was sacked by Crosby, with Moore quoted as saying that Crosby wrote "The decision (to sack Moore) was mine and mine alone."[8]
As a result of these allegations, Crosby resigned from his post within the Financial Services Authority for personal reasons on 11 February, 2009.[1]

URL="http://en.wikipedia.org/w/index.php?title=James_Crosby_(British_businessman)&action=edit&section=5"][U][COLOR=#0000ff]edit[/COLOR][/U][/URL Other roles

Crosby is a non-executive director of television company ITV, and a trustee of charity Cancer Research UK.[9]

/B][URL="http://en.wikipedia.org/w/index.php?title=James_Crosby_(British_businessman)&action=edit&section=6"][U][COLOR=#0000ff][B]edit[/B][/COLOR][/U][/URL][B Links with Gordon Brown

On 11 July 2006, Crosby was appointed by the then Chancellor of the Exchequer, Gordon Brown, to lead the Government's Public Private Forum on Identity Management, a scheme designed to counter problems such as identity fraud.[10] Also in 2006, Crosby received a knighthood for services to the financial industry [11] and was appointed to a directorship of the FSA [12].
In April 2008, Crosby was appointed by Chancellor Alastair Darling to head up a Working Group of mortgage industry experts to advise the Government on how to improve the functioning of the mortgage market.

URL="http://en.wikipedia.org/w/index.php?title=James_Crosby_(British_businessman)&action=edit&section=7"][U][COLOR=#0000ff]edit[/COLOR][/U][/URL Personal life

He is married with four daughters.

URL="http://en.wikipedia.org/w/index.php?title=James_Crosby_(British_businessman)&action=edit&section=8"][U][COLOR=#0000ff]edit[/COLOR][/U][/URL References

1. <LI id=cite_note-bbx-0>^ a b "Sir James Crosby resigns from FSA". BBC NEWS (BBC). 11 February 2009. http://news.bbc.co.uk/1/hi/business/7883409.stm. Retrieved on 11 February 2009. <LI id=cite_note-1>^ Michaelmas Term 1974. Complete Alphabetical List of the Resident Members of the University of Oxford. Oxford University Press. 1974. p. 25. <LI id=cite_note-2>^ http://www.fsa.gov.uk/pages/about/who/board/crosby.shtml <LI id=cite_note-3>^ Halifax Annual Report <LI id=cite_note-4>^ BBC News | BUSINESS | BoS and Halifax agree merger <LI id=cite_note-5>^ BBC NEWS | Business | HBOS chief executive to step down <LI id=cite_note-6>^ http://www.bbc.co.uk/pressoffice/pressreleases/stories/2003/10_october/29/money_programme_mortgage.shtml <LI id=cite_note-7>^ BBC NEWS | Politics | Text: HBOS whistleblower statement <LI id=cite_note-8>^ Cancer Research UK : Sir James Crosby joins Cancer Research UK's Governing Council <LI id=cite_note-9>^ Press: 2006-51 <LI id=cite_note-10>^ BBC NEWS | Business | Easyjet founder Stelios knighted
2. ^ http://www.hm-treasury.gov.uk/press_135_03.htm

Retrieved from "http://en.wikipedia.org/wiki/James_Crosby_(British_businessman)"
Categories: 1956 births | Living people | Alumni of Brasenose College, Oxford | Old Lancastrians | Actuaries | Knights Bachelor | British businesspeople
Hidden category: Current events as of February 2009

</H1>
......................................................

FraudBuster

The unmasking of Sir James, one of Gordon Brown’s top City advisers, for his culpability in Britain’s banking meltdown is long overdue. There is still amazement in the City at the miracle of timing that had Sir James step down from HBOS in July 2006 in favour of the much maligned Andy Hornby – a hospital pass if ever there was one. For it was the Yorkshireman Sir James – whose knighthood in 2006 is thought to have been on Mr Brown’s recommendation – who devised the business model that brought HBOS to his knees.

http://www.timesonline.co.uk/tol/news/politics/article5705212.ece

zarazara

oh, wrong thread, I thought it said Crosby Quilts, i thought it was about quilting.

itsallagame_2

SGE1 wrote: »

I don't think it's that he doesn't want poking - the poking will happen regardless. And we may very well find out that the issue was properly independently investigated by KPMG, and that this Moore fellow has just been telling us vengeful porky pies.

Quite impressed that either the FSA and Gov't gave him the push to quickly; or that he didn't squabble to keep and job and accepted that he had to resign immediately.

Jeez, it’s clearly obvious that their will be plenty of evidence, as his type don’t resign unless it’s absolutely undeniable.


You really believe that the investigation was ‘independent’? :rotfl:


He, the Gov, Moore and KPMG knew why he had to go and we will also find out, which no doubt, will be very revealing.:D

amcluesent

>this Moore fellow has just been telling us vengeful porky pies. Quite impressed that either the FSA and Gov't gave him the push to quickly.<

LOL. Straight from the NuLabour rebutal team.