High Street bank Lloyds has widened a compensation scheme for victims of the HBOS Reading fraud after pressure from campaigners. 

The £245m scandal saw a gang of bankers wreck small businesses and spend the proceeds on prostitutes, holidays and luxury goods. 

Fraud: The £245m scandal saw a gang of bankers wreck small businesses and spend the proceeds on prostitutes, holidays and luxury goods

Fraud: The £245m scandal saw a gang of bankers wreck small businesses and spend the proceeds on prostitutes, holidays and luxury goods

Fraud: The £245m scandal saw a gang of bankers wreck small businesses and spend the proceeds on prostitutes, holidays and luxury goods

Lloyds, which bought HBOS in 2009, is acting after its original scheme was found to be ‘neither fair nor reasonable’. 

The review by former judge Sir David Foskett only intended to look at cases involving HBOS managers Lynden Scourfield and Mark Dobson and turnaround firm Quayside Corporate Services.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

You May Also Like

Britvic is forced to hike prices as inflation soars

The drinks maker behind Robinsons, Lipton ice tea and Fruit Shoot has…

Is Sky Broadband down? Outages and issues explained

THERE are several ways for Sky customers to check if their internet…

Wine beats scotch and Hermés bags as top luxury investment

Prices of investment-grade wine have risen 13%, making it frontrunner of luxury…

ON THE BOARD: City grandee Martin Gilbert joins River and Mercantile

Martin Gilbert is River and Mercantile’s new  deputy chairman City grandee Martin…