Financial Times FT.com

Aggressive HBOS lost sight of danger in risk

By Jane Croft, Daniel Thomas and Anousha Sakoui

Published: February 20 2009 23:31 | Last updated: February 20 2009 23:31

As head of corporate banking at HBOS, Peter Cummings was “banker to the stars” of British business.

The scuba-diving financier, who 13 years ago was a Carlisle-based regional manager for Bank of Scotland, ended up counting entrepreneurs such as Sir Philip Green, Sir Tom Hunter and property magnate Nick Leslau among his clients.

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