Lloyds bank headquarters

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Lloyds Banking Group has expressed its deep remorse over the fraud

LLoyds has introduced that it’s setting apart an additional £100m to compensate clients who misplaced cash in a fraud scandal.

Six males, two of whom had labored for Halifax Financial institution of Scotland (HBOS) – owned by Lloyds – had been jailed in February.

The court heard how that they had stolen thousands and thousands of kilos from small companies who had been their purchasers.

On the similar time, the Monetary Conduct Authority (FCA) introduced that it’s re-opening an enquiry into the fraud.

Lloyds has already put aside not less than £250m to cowl different prices arising from the case, which was centred on the HBOS workplace in Studying.

“As I’ve said earlier than, we wish to specific our deep remorse and apologies to any clients straight affected by the legal behaviour of those people,” mentioned António Horta-Osório, the chief government of Lloyds Banking Group.

“We’re completely decided that victims of the crimes dedicated at HBOS Studying are pretty, swiftly and appropriately compensated. We take duty for placing proper the wrongs that had been dedicated at HBOS Studying on the time.”