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Victims of one of UK’s biggest banking frauds ‘to be offered £3m compensation’

HBOS, now part of Lloyds Banking Group, was involved in major fraud at its Reading branch in early 2000s

Victims of one of Britain’s biggest banking frauds will each be offered £3m compensation packages, according to a source familiar with the proposed deal expected to be announced later this week.

Halifax Bank of Scotland (HBOS) – which is now part of Lloyds Banking Group – was involved in a major fraud at its Reading branch in the early 2000s.

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