Lloyds Fined $58 Million by FCA Over Decade-Old HBOS Scandal
- Two of four banned from finance industry already in prison
- 2007-2009 a “dark period” in HBOS’s history: Lloyds CEO
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Lloyds Banking Group Plc’s Bank of Scotland unit was fined 45.5 million pounds ($58 million) by the U.K.’s finance regulator over a scandal at the bank’s Reading division that siphoned millions from failing businesses a decade ago.