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Lloyds Bank To Pay Ex-Employee Who Blew Whistle On Fraud

Law360, London (November 14, 2018, 2:59 PM GMT) -- Lloyds Banking Group PLC said Wednesday it has settled with a former risk officer who wrote a report accusing her former bosses of concealing massive fraud at its HBOS PLC subsidiary.

Lloyds said it has apologized and paid compensation to a former risk officer who wrote a report criticizing the bank's handling of massive fraud at its HBOS subsidiary. (AP) The bank said it has apologized and paid compensation to Sally Masterton, a former senior risk officer at HBOS and the author of the so-called Turnbull report, which criticized Lloyds' handling of fraud at the unit that left small business owners...
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