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MSE News: Bank of Scotland fined after paying £20m to wrong customers

"The bank held wrong data on 250,000 customers and wrongly paid compensation to over 22,000 of them ..."

Comments

  • Life_after_debt
    Life_after_debt Posts: 1 Newbie
    edited 21 October 2012 at 10:27AM
    No wonder HBOS cannot afford to write of mortgage shortfalls which have a arisen from their willful neglect of risk management and greed driven manipulation of the property market. Avarice has no doubt dictated efficient administration is a long way down the priority list and HBOS victims continue to pay the price with their homes, their livelihoods and in some cases, their lives. This has clearly left HBOS free to throw away taxpayers money way 20 million pounds at a time. For nearly two years I have been writing my Lifeafterdebt blog about my personal battle with the banks and their regulators in an effort to expose HBOS's and Lloyds ruthless attitude towards their victims. My post "Malice, Manipulation and Aforethought" was written in exasperation at the lip service being paid to cleaning up the banks outrageous business practices.:mad:
  • Oh good.

    So we as taxpayers have been forced to buy this bank, then forced to pay redress to customers who have lost out on as a result of its incompetence and now we must also pay its fine.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    If I've understood right, somebody forgot about 250,000 Bank of Scotland mortgages on their old computer system.

    That's extraordinary!
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