Friday, 27 February 2009

And There's More.

Lawyers examine payoff of banker blamed for losing billions at HBOS


Apparently eyebrows in the Treasury were raised over a £660,000 parachute and £5.9 million pension for Peter Cummings

As a top City legal firm was appointed to examine the “obscene” pension award to Sir Fred Goodwin, it emerged that the Treasury had already asked for assurances about the package that Peter Cummings received when he left his post as head of corporate lending at HBOS.

More to come?

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