QUOTE AND NEWS
Financial Times  Apr 19  Comment 
Small business owners who lost livelihoods say scheme is poorly conceived
Clusterstock  Apr 7  Comment 
LONDON — Lloyds Banking Group said on Friday it expects to pay out an extra £100 million to compensate victims of a small-business lending fraud. On the same day, the UK's markets watchdog said it would probe how much former HBOS executives...
Financial Times  Apr 7  Comment 
Lloyds sets aside £100m to compensate victims of scheme
Mondo Visione  Apr 7  Comment 
This resumes an FCA investigation that was placed on hold in early 2013 at the request of Thames Valley Police pending the outcome of the Thames Valley police investigation and any resulting prosecutions. The FCA’s investigation is focussing on...
guardian.co.uk  Apr 7  Comment 
Businesses were left bankrupt and owners lost homes after former HBOS manager’s £245m loans scam Lloyds Banking Group expects compensation payouts for victims of fraud at the hands of former HBOS staff to total around £100m. The lender said...
guardian.co.uk  Feb 7  Comment 
Bank to consider whether businesses conned by Lynden Scourfield and his associates should receive compensation Lloyds Banking Group has apologised for the impact of the £245m loan scam at HBOS and pledged to examine whether any of the small...
Yahoo  Feb 7  Comment 
Lloyds Banking Group (LLOY.L) is to review the cases of British businesses which lost out in a 245 million pound ($303 million) fraud for which six people were jailed last week. The fraud involved two former bankers of HBOS, once Britain's biggest...
Financial Times  Feb 6  Comment 
Compensation will be complicated but Horta-Osório has chance to repair his, and his bank’s, reputation
BBC News  Feb 6  Comment 
MPs urge Lloyds to pay compensation to victims of a fraud facilitated by two former employees, who were jailed last week.
Clusterstock  Feb 3  Comment 
LONDON — A former HBOS banker and five others were sentenced to a combined 48 years in prison on Thursday for a scam that cost the lender  £245 million ($286 million) and ruined the finances of small business clients. Lyndon Scourfield, who...




 
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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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