Vince Cable wants to see if there is enough evidence to start disqualification proceedings against Andy Hornby, Lord Stevenson and Sir James Crosby, a source told the BBC.

BBC: Vince Cable 'examines ban for former HBOS directors'

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

And here is one important reason why the non-bankers on the Co-op's board are nervous about getting bigger in banking: they are acutely aware of how the non-bankers at HBOS, Sir James Crosby, Andy Hornby and Lord Stevenson, were pilloried by MPs earlier this month for making a total horlicks of their bank.

BBC: Will Co-Op pull out of banking?