April 7 2017
LLoyds has announced that it is setting aside a further £100m, to compensate customers who lost money in a fraud scandal. Six people, two of whom had worked for Halifax Bank of Scotland (HBOS) – owned by Lloyds – were jailed in February. The court heard they stole hundreds of millions of pounds from small businesses who were their clients. At the same time, the Financial Conduct Authority (FCA) announced that it is re-opening an enquiry into the fraud. Lloyds has already set aside at least £250m to cover other costs arising from the case, which was centred on the HBOS office in Reading.