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 “shortcomings” in the current compensation program. The BBC reported this week that an independent review by London School of Economics...
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 ongoing mistreatment of small business customers by its HBOS unit. Reports in City A.M. on Monday (April 8) said APPG...
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 HBOS unit. Reports in Reuters said a group of lawmakers sent a letter, signed by All Party Parliamentary Group for Fair...
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 Times on Sunday (Dec. 3). Reports said the U.K.’s FRC has more than tripled the size of its enforcement team over...
July 30, 2018
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 HBOS unit. Reports in Reuters said a group of lawmakers sent a letter, signed by All Party Parliamentary Group for Fair Business Banking chair Kevin Hollinrake, to Lloyds’ board as well […]
