Lloyds Banking Group (LON:LLOY) have missed the deadline it set itself to pay compensation to victims, after a fraud trial that ended in February.
Two HBOS bankers were found guilty pressurising small business customers into hiring a turnaround consultancy firm, which then bullied business owners into paying extortionate fees and handing over their companies.
HBOS was bought by Lloyds in 2009, making it responsible for the compensation payments of the victims. £100 million was set aside, but only a small fraction of that has been paid so far.
Of the 64 customers who joined the compensation scheme, fewer than 10 have received offers and only one settlement has been reached.
Shares in Lloyds fell on Friday, currently trading down 0.71 percent at 66.67 (1221GMT).
