The BBC is reporting this morning that the FSA raised concerns about the way HBOS was being run as far back as 2002.
The FSA has said:
It looked at the risks both before and after senior bank manager Paul Moore issued a warning about the the bank's business model.
Interesting that has been leaked the day after Crosby was forced to resign from the FSA.
If Moses knew of this and took no action, it may very well be fatal.
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