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MPs Accuse Lloyds Execs Of HBOS Fraud ‘Cover-Up’

PYMNTS

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.

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The Finanser’s Week: 8th May – 14th May 2017

Chris Skinner

This week’s main blog headlines are … The legacy clock is ticking Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech.

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HBOS Fraud Compensation Review Discovers ‘Shortcomings’

PYMNTS

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. Victims are suffering real hardship, many lost their businesses, homes and — in some cases — families.”.

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Lloyds Explores SME Compensation After HBOS Scandal

PYMNTS

Lloyds moved closer with possible plans to compensate small businesses affected by the HBOS bribery scandal. Some of those small businesses were also reportedly stripped of their assets, with several forced into bankruptcy. The alleged scandal occurred before Lloyds acquired HBOS in 2009.

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MPs Call On Lloyds To Compensate SMEs Scammed By HBOS

PYMNTS

6) said MPs that are a part of the All-Party Parliamentary Group on Fair Business Banking have sent an open letter to Lloyds Chief Executive Antonio Horta-Osorio and Chairman Lord Blackwell urging them to compensate SMEs that fell victim to the fraud initiated by HBOS. Reports Monday (Feb.

Fraud 100
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The Finanser’s Week: 15th May – 21st May 2017

Chris Skinner

This week’s major updates on the Finanser … What banks can learn from Wal-Mart I picked up Bloomberg Business Week at the airport this week, attracted by the cover. They found that of the senior bankers surveyed, 76% don’t believe that digitalisation will affect their business model. Wal-Mart have issues with the digital revolution.

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