Lloyds boss feels the heat over his handling of the HBOS fraud scandal

Lloyds boss feels the heat over his handling of the HBOS fraud scandal

Lloyds Banking Group CEO Antonio Horta Osorio has said he is ’very sorry’ after a review slammed the claims process for customers hit by the £1 billion HBOS Reading branch fraud scandal. As per a report by Sir Ross Cranston, there were ’serious shortcomings’ in the compensation scheme. The claims relate to losses suffered by customers following a scam run by corrupt staff between 2003 and 2007.

Simone
Simone
Top in Business
Get the App