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The Treasury Select Committee was formally responding to the publication last November, seven years after the bank's failure during the credit crunch, of two reviews, one by regulators, the other by independent counsel. The counsel's report said the Financial Conduct Authority (FCA) and Bank of England should review a decision by regulators not to act against some 10 executives of HBOS, despite the failure of the lender, which traded under the brands Bank of Scotland and Halifax. Andrew Tyrie, who chairs the parliamentary committee, said the case for placing the FCA's enforcement function in a separate body had been strengthened by the counsel's report.
By John Whitesides and Luciana Lopez PHILADELPHIA (Reuters) - Supporters of Bernie Sanders disrupted the first day of the Democratic convention on Monday, repeatedly chanting and booing mentions of Hillary Clinton's name as the party's hopes for a show of unity dissolved into frequent chaos. Speakers in the convention's first hours struggled to carry out business as angry Sanders supporters roared their disapproval, drawing a deafening response from Clinton delegates. "We're all Democrats and we need to act like it," U.S. Representative Marcia Fudge of Ohio, the convention's chairwoman, shouted over the uproar.