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economia: The real concern of this prosecution arises out of the systemic and sustained scheme of abuse which operated within the banking system, allowing corruption and bribery to continue, and which was arguably ignored. In 2007, an internal review took place at HBoS which focused on 38 struggling businesses, which revealed irregular loans to companies which collectively owed £375m. Despite this, immediate action was not taken and it took a decade for the criminal proceedings to conclude. The question is, why did the prosecution take 10 years?

April 24, 2017

economia 16 Feb 2017 What remains a real concern is the lack of action by those aware of these allegations in 2007: the board of HBoS, Lloyds Banking Group when they took over, the FSA, the Serious Fraud Office (SFO) and the Treasury. Lloyds consistently played down the level of the abuse which had occurred within HBoS, denying that the bank was to blame for the demise of the struggling businesses.

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