Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

HBOS’s Cummings to Be Fined $805,000 by Regulator, Sky Says

Former HBOS Plc executive Peter Cummings will be fined 500,000 pounds ($805,000) by the U.K.’s Financial Services Authority following an investigation by the regulator, Sky News reported.

HBOS posted a 7.5 billion-pound loss for 2008, as loans to fund properties and takeovers soured at the corporate banking unit led by Cummings, 57.

Cummings’s fine will be disclosed tomorrow, Sky said, without saying where it got the information.

The FSA declined to comment. Cummings didn’t immediately respond to a request for comment left at Home from Home (Scotland) Ltd., a charity where he is treasurer.

-- With assistance from Lindsay Fortado in London. Editors: Jon Menon, Steve Bailey

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.