HBOS

Lloyds To Make Special £35K Payout To HBOS Fraud Victims
Lloyds To Make Special £35K Payout To HBOS Fraud Victims
December 22, 2019  |  B2B Payments

To regain trust following an independent review that deemed its compensation plan to not be “fair and reasonable,” and which had to be redetermined, Lloyds...

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HBOS Fraud Compensation Review Discovers ‘Shortcomings’
HBOS Fraud Compensation Review Discovers ‘Shortcomings’
December 11, 2019  |  B2B Payments

Small to medium-sized businesses (SMBs) impacted by fraudulent activity within Lloyds-owned HBOS could be in line for larger compensation payouts after an independent review found...

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MPs Accuse Lloyds Execs Of HBOS Fraud ‘Cover-Up’
MPs Accuse Lloyds Execs Of HBOS Fraud ‘Cover-Up’
April 09, 2019  |  B2B Payments

The All-Party Parliamentary Group (APPG) on Fair Business Banking is calling for a new investigation into Lloyds and how much its executives knew about the...

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Lloyds Accused Of ‘Victim Blaming’ In SMB Fraud Compensation Program
Lloyds Accused Of ‘Victim Blaming’ In SMB Fraud Compensation Program
July 30, 2018  |  Banking

U.K. financial institution Lloyds was criticized by lawmakers Monday (July 30) over its program to compensate small business victims of fraud related to the bank’s...

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Financial Reporting Council Triples Its Staff Amid Criticism
Financial Reporting Council Triples Its Staff Amid Criticism
December 05, 2017  |  B2B Payments

The U.K. is ramping up oversight of corporate reporting as it expands the size of its Financial Reporting Council (FRC), according to news from The Financial...

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Lloyds Slammed As Small Business Compensation Plans Crawl Ahead
Lloyds Slammed As Small Business Compensation Plans Crawl Ahead
July 24, 2017  |  B2B Payments

As Lloyds Banking Group explores how to compensate small business owners affected by banking and insurance company HBOS’ bribery scandal, the U.K.-based firm has come...

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UK Regs Reopen Lloyds, HBOS SME Fraud Probe
UK Regs Reopen Lloyds, HBOS SME Fraud Probe
April 10, 2017  |  B2B Payments

The U.K.’s Financial Conduct Authority (FCA) announced it is reopening an inquiry into Lloyds’ HBOS scandal as the bank revealed plans to set aside $124 million...

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Lloyds Explores SME Compensation After HBOS Scandal
Lloyds Explores SME Compensation After HBOS Scandal
March 22, 2017  |  B2B Payments

Lloyds moved closer with possible plans to compensate small businesses affected by the HBOS bribery scandal. Reports Tuesday (March 21) said the bank has hired Professor...

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MPs Call On Lloyds To Compensate SMEs Scammed By HBOS
MPs Call On Lloyds To Compensate SMEs Scammed By HBOS
February 07, 2017  |  B2B Payments

U.K. policymakers are calling on top bank Lloyds to compensate SMEs that were scammed by HBOS in a scheme before Lloyds acquired the banking unit...

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