He's been portrayed as the man who broke the Bank of Scotland, and he's kept his silence. Until now. Peter Cummings has been struggling with ill-health, while under a cloud of potential prosecution over his role in the bank's collapse in 2008. That cloud has lifted, now that he's been handed down a £500,000 fine and been banned from future senior financial roles. That penalty, from the Financial Services Authority (FSA), has been accepted under protest, saying the process has been "sinister" and "like living in an American soap opera" - of which more later. Mr Cummings has broken his silence on his role in the Halifax Bank of Scotland catastrophe, in front of two members of the Parliamentary Commission on Banking Standards. Due to his health, they took the commission to him, and it was agreed that this would be heard in private, on 27 November. Today, a transcript has been published.....Read more on this story: BBC News - Who and what bust Halifax Bank of Scotland?