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News Tag: Farepak

July 6, 2012

HBOS adds £8m to Farepak distress fund

by Jan Harris
HBOS adds £8m to Farepak distress fund
HBOS has agreed to pay an additional £8m into a fund set up to help former customers of Farepak, who lost their savings with the company when it collapsed. HBOS increased its contribution to the compensation fund to £10m following criticism from a High Court judge over its "hardball approach" to Farepak’s difficulties. Mr Justice Peter Smith said the bank should ...