MEDIA COMMENT

FSA warned Lloyds in 2012 about risk of ‘potential fraud’ at HBOS Reading

Lloyds Banking Group was warned by the City watchdog five years ago that there had been a risk of “potential fraud” at HBOS’ Reading office, it has emerged.


HBOS knew of £240m corporate scam in 2007

Bankers at HBOS had uncovered a “potential fraud” in its corporate division by March 2007, a report by the City regulator suggests, providing fresh evidence that there was a cover-up of a scam that ruined the livelihoods of scores of small business owners.


Lloyds bank pays HBOS fraud victims £35,000 in living expenses

Lloyds Banking Group has issued one-off £35,000 payments to victims of the fraud in its HBOS Reading branch after missing Friday’s deadline to make offers to the small business customers caught up in the scandal.


Lloyds fraud victims bemoan ‘pyrrhic victory’ as compensation scheme drags

Lloyds Banking Group is set to miss an end-June deadline for offering compensation to victims of one of Britain’s largest fraud cases, the latest delay in a decade-long struggle by business owners for redress.


HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds

Bank denies star’s claim £100m scheme is a ‘sham’ as only one victim of loans scam has received compensation


What the HBOS fraud tells us about the state of British banking

The £1 billion HBOS Reading fraud, my part in exposing it, and what it tells us about the state of British banking


HBOS fraud: Amid fresh media claims, why it’s too early for the curtain to fall on this scandal

Lloyds, HBOS’s owner, has dismissed a report in the Sunday Times about its handling of the affair, and says it is focussed on compensating victims


Open banking is the open marriage that customers have been crying out for

Banking has been a closed shop for too long. Most people open a current account when they are young and never move. That relationship, with all its valuable information, is hoarded by a single institution that seems to think customer service is about what the client can do for its bottom line.


Jim Armitage: Lloyds must tread more carefully to avoid Reading rage

Hell hath no fury like a customer scorned. Just ask Lloyds.


Lloyds £100m proposal ‘doesn’t begin to cover’ HBOS fraud

Lloyds helped HBOS fraudster to buy prime asset cheaply

Victims of HBOS Reading scandal call for Russel Griggs, head of compensation scheme, to quit

Victims of the HBOS Reading scandal have called for the resignation of the head of the compensation scheme after it emerged that he has indirect business connections with the fraudster who ran the scam.

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