Lloyds Explores SME Compensation After HBOS Scandal
PYMNTS
MARCH 22, 2017
Lloyds moved closer with possible plans to compensate small businesses affected by the HBOS bribery scandal. SME Council and had previously reviewed a slew of bank closures at the request of the British Bankers’ Association, according to reports. The alleged scandal occurred before Lloyds acquired HBOS in 2009.
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