UK bank to pay â¹795 crore as compensation to fraud victims
UK banking major Lloyds has announced that it is setting aside Â£100 million (â¹795 crore), to compensate customers who lost money in a fraud scandal. The lender said it will compensate for "economic losses, distress and inconvenience" to assist victims. This comes after some staff at HBOS, owned by Lloyds, were jailed for carrying out a loans scam.