HBOS banker banned for life

The former head of corporate banking at HBOS has been banned from working in the banking industry for life over his role in the collapse of the bank.

The former head of corporate banking at HBOS has been banned from working in the banking industry for life over his role in the collapse of the bank.

Peter Cummings, the head of HBOS corporate banking from 2006 to 2008, has also been fined £500,000 by City watchdog, the Financial Services Authority (FSA).

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