QUOTE AND NEWS
Financial Times  Jul 21  Comment 
Redress process for fraud dating back to 2002-07 faces weeks of further delays
Financial Times  Jul 18  Comment 
Financial Conduct Authority says it will use information obtained in fraud inquiry
guardian.co.uk  Jul 4  Comment 
How were complaints of fraud by small business customers handled, and by whom? Another day, another round of apologies and expressions of deep regret from Lloyds for the victims of the HBOS Reading fraud. The occasion this time was the...
guardian.co.uk  Jul 4  Comment 
FCA reveals details of 2012 report on ‘very serious misconduct’ that eventually resulted in fraud convictions HBOS took a £240m hit in 2007 after discovering a “serious control breakdown” in its Reading operation, according to...
Financial Times  Jul 4  Comment 
Documents cast doubt on Lloyds longstanding claim it was not aware of wrongdoing
Financial Times  Jun 30  Comment 
Criticism focuses on how adjudicator had undisclosed business links to bank’s parent
guardian.co.uk  Jun 30  Comment 
Bank issues one-off payments as goodwill gesture to cover day-to-day costs as Lloyds admits formal compensation process is taking longer than expected Lloyds Banking Group has issued one-off payments of £35,000 each to victims of the fraud in...
guardian.co.uk  Jun 26  Comment 
Bank denies star’s claim £100m scheme is a ‘sham’ as only one victim of loans scam has received compensation Five months after a high court judge handed out lengthy jail terms to a group of financiers who left business owners “cheated,...
Financial Times  Jun 25  Comment 
Bank ‘reluctant to co-operate fully’ with officers investigating £1bn fraud
guardian.co.uk  Jun 18  Comment 
Move comes after it emerges only one of 64 victims of fraud committed before bank bought HBOS has received payment Lloyds Banking Group is expected to extend the deadline for making compensation offers to victims of the HBOS Reading fraud, as it...




 
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HBOS plc is a United-Kingdom based company. It is the holding company of the HBOS Group. It operates through five divisions: Retail, Corporate, Insurance & Investment, International and Treasury & Asset Management. The Company’s Retail range of products includes personal and business banking products and services to 23 million customers. In October 2008, Commonwealth Bank of Australia announced that it has acquired the Bank of Western Australia Limited (BankWest) and St Andrew’s Australia Pty Ltd (St Andrew’s) through the execution of a sale and purchase agreement with United Kingdom-based HBOS plc.

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