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Regulators come under fierce criticism after six-year probe into disgraced former bosses of failed bank HBOS ends in no action being taken

Officials at the Bank of England and the FCA have come under fierce criticism after a six-year probe into disgraced former bosses of failed bank HBOS, including its former chief executives James Crosby and Andy Hornby, as well as chairman David Stevenson, ended in no action being taken.