Take my knighthood, ex-bank chief says

LONDON — The ex-chief executive of failed British bank HBOS wants to be stripped of his knighthood following a scathing report from the parliamentary banking standards committee.

James Crosby says he’ll also give up 30 per cent of his $887,000 annual pension after lawmakers blamed executives’ “toxic” decisions for the bank’s downfall.

Last week, legislators accused Crosby and two other executives of failures in judgment that led the bank to the brink of collapse. Crosby says he’s deeply sorry for what happened.