Former HBOS chief executive Sir James Crosby has resigned as adviser to investment firm Bridgepoint after criticism of his running of the bank.

BBC: Sir James Crosby

His decision not to intervene follows calls for former HBOS chief executive Sir James Crosby and ex-chair Lord Stevenson to lose their titles.

BBC: David Cameron will not intervene on HBOS titles

Former HBOS chief executive Sir James Crosby has asked for his knighthood to be removed and has resigned as a non-executive director of Compass Group.

BBC: Ex-HBOS chief Sir James Crosby asks to return knighthood