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Business owners defrauded by HBOS tipped to be offered £3m each

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Parent Lloyds still grappling with misconduct stemming from the build-up to the 2008 financial crisis

A pedestrian passes Halifax and Bank of Scotland signs, in the City of London, UK. File photo: REUTERS/TOBY MELVILLE

About 200 people who ran companies hit by the scam will be made the offer by a panel chaired by former high court judge David Foskett, the source said, if they are assessed to have suffered financial losses as a result of the fraud. The potential payouts show how Lloyds is still grappling with misconduct stemming from the build-up to the 2008 financial crisis, years after most of its peers have largely moved on.

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