Remove 2009 Remove Bank Closure Remove Small Business
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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. 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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Banking-As-A-Service Takes On The Underbanked SMB

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’s latest numbers on the topic revealing the lowest level of underbanked individuals since the survey began in 2009. At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. Branch Deserts.