Fraud case D-Day

A COMPENSATION deadline for victims of fraudulent bankers is set to be missed by Lloyds.

The scandal saw criminals at HBOS’s Reading branch destroy companies and strip their assets to pay for lives of luxury. Entrepreneurs lost their livelihoods, homes or marriages as a result.

Lloyds, which bought HBOS during the financial crisis, has set aside £100m but says it has taken longer than expected for customers to provide the complex information needed.

Lloyds said: ‘Some customers may need more time to provide input into the review, and we want them to take that time.’