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LLOY Lloyds Banking Group Plc

55.52
-0.02 (-0.04%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -0.04% 55.52 55.34 55.38 55.78 55.16 55.66 352,448,137 16:35:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 6.45 35.2B

Bank of Scotland Fined GBP4.2 Million Mortgage Record Failures

19/10/2012 10:38am

Dow Jones News


Lloyds Banking (LSE:LLOY)
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LONDON--The U.K. Financial Services Authority, or FSA, said Friday it has fined Bank of Scotland 4.2 million pounds for failures in its systems, resulting in inaccurate mortgage records for 250,000 of its customers.

MAIN FACTS:

-This was the result of mortgage information being held on two separate unaligned systems, and problems with two further processes where manual updates weren't always carried out.

-BOS agreed to settle with the FSA at an early stage of the investigation; without this early settlement and the firm's co-operation, the fine would have been GBP6 million.

-Write to Ian Walker at ian.walker@dowjones.com

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