Businesses were left bankrupt and owners lost homes after former HBOS manager’s £245m loans scamLloyds Banking Group expects compensation payouts for victims of fraud at the hands of former HBOS staff to total around £100m. The lender said that it will pay compensation for “economic losses,distress and inconvenience” as fraction of a package of measures to assist victims. Related: HBOS manager and other City financiers jailed over £245m loans scam Related: Cash, cruises and sex parties: inside ex-HBOS manager's 245m scam Continue reading...
Source: theguardian.com