HBOS fraud compensation scheme had `serious shortcomings´, report finds
(WorldNews Business)

A scheme to compensate customers caught in a quarter-of-a-billion pound scam at a HBOS branch in Reading had `serious shortcomings`, an independent report has found. Sir Ross Cranston, a law professor at the London School of Economics, said that Lloyds, which took over HBOS in 2008, must go back to the drawing board and re-assess customers´ compensation claims. An initial review of how to...