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FSA deputy chairman resigns

James Crosby, the former chief executive of HBOS has resigned from his post as the deputy chairman of the FSA after allegations that he ignored risk warnings about the growth of the now-stricken UK bank.

The FSA confirmed Mr Crosby's resignation. Mr Crosby resigned after allegations that former HBOS executive-cum-whistleblower Paul Moore sent a note to the company warning that their company had grown

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