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Bank of Scotland fined £45 million for failing to report suspicions of fraud at HBOS

The Financial Conduct Authority (FCA) has fined Bank of Scotland £45,500,000 for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based Impaired Assets (IAR) team of Halifax Bank of Scotland. The FCA found that Bank of Scotland...
Posted On 28 Jun 2019
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Former HBOS manager and associates jailed for involvement in fraud and corruption

A senior banker, a financial consultant and their associates who conspired to enrich themselves, driving businesses into the ground in the process, have been jailed for almost 50 years after being convicted of corruption, fraudulent trading and money laundering. The scheme, led...
Posted On 07 Feb 2017