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The Guardian - UK
The Guardian - UK
Business
Rupert Neate

Victims of one of UK’s biggest banking frauds ‘to be offered £3m compensation’

Lloyds HBOs Lloyds Banking Group Noel Edmonds Reading
TV and radio star Noel Edmonds
The TV and radio presenter Noel Edmonds was one of the highest-profile victims of the HBOS Reading scandal. Photograph: Jonathan Brady/PA

Victims of one of Britain’s biggest banking frauds will each be offered £3m compensation packages, according to a source familiar with the proposed deal expected to be announced later this week.

Halifax Bank of Scotland (HBOS) – which is now part of Lloyds Banking Group – was involved in a major fraud at its Reading branch in the early 2000s.

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