Tuesday, May 26, 2009
The more they dig, the uglier it gets ...
BBC: HBOS loan irregularities alleged
A BBC News investigation has uncovered alleged lending irregularities at HBOS, the bank now owned by Lloyds. File on 4 has heard from firms that claim they were ruined by the actions of a senior executive, and management consultants recommended by the bank. The bank and management consultants Quayside Corporate Services have denied any wrongdoing. The loans from HBOS's "high risk" unit between 2002 and 2007 are said to have led to losses at the bank of £250m. File on 4 heard from businesses alleging that a bank executive, Lynden Scourfield, required them to employ consultants Quayside Corporate Services as a condition for getting a loan.
Posted by mark wadsworth @ 11:34 AM (357 views) Add Comment
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