Stephenson Harwood has advised former HBOS executive Peter Cummings,  who was yesterday (12 September) fined £500,000 by the Financial Services Authority (FSA) and banned for life from working in the City following his role in the bank’s collapse.

Litigation partner Tony Woodcock has been leading the team advising Cummings, who served as head of HBOS corporate banking between January 2006 and March 2008. He has been working alongside associates Harvey Dyson and David Hamilton.