Senior civil servants are to meet this week to decide whether ex-Royal Bank of Scotland boss Sir Fred Goodwin should be stripped of his knighthood, David Cameron said.
The work of the Honours Forfeiture Committee is usually kept under wraps but the Prime Minister told MPs he expected it to sit in the coming days.
Political pressure has been mounting for the title awarded to Sir Fred in 2004 for "services to banking" to be withdrawn over his role in the subsequent collapse of RBS.
Asked when a decision would be made, Mr Cameron said: "The Forfeiture Committee will be meeting, as I understand it, this week.
"And it will be considering all of the evidence including, as I have said before, the Financial Services Authority report into RBS and what went wrong and who was responsible."
