However, the reality had proved very different with the Griggs Review facing widespread and severe criticism from victims, practitioners and Parliament alike over its design, operation and desultory offers of compensation. Sir Ross Cranston delivered his report on 10 December Sir Ross subsequently published clarifications to the Recommendations made in the Cranston Report.
In a separate development, LBG has also been obliged to set up a review to examine the extent to which it may itself be said to have covered up the Reading scandal since the time it acquired HBOS. To date, DaySparkes has represented over 30 individuals in their fight to secure fair compensation through the Griggs Review and High Court proceedings. In our experience, the fraud was not confined to the limited matters exposed through the criminal trial and did not always involve Quayside.
DaySparkes are uniquely and expertly qualified to advise on this and similar banking fraud matters. We are consistently recognised as a leading firm in the Legal for banking litigation. The fraud took many forms, some crude, some subtle, but all motivated by greed.
Testimonial from Legal They offer excellent judgment in all situations and are freely available to contact. They are very ably supported by Gopi Binning who is extremely diligent in all respects and an excellent communicator. Attention to every detail and communication on a personal level cannot be bettered.
Superb resourcefulness in pursuing and resolving all issues is provided without fail. His tough yet personable approach proves both comforting and successful. Gopi Binning is a rising star in the area, showing legal expertise, client focus and commercial acumen. Will not let go of a case until he gets a good result for his client.
It has taken a heap of pressure from parliament to secure appropriate action from the regulators, the lion's share of the investigatory work should already have been undertaken in the preparation of the regulators' report in to the failure of the bank. From the moment this HBOS went wrong, and the moment when enforcement action was being considered, because of the richness of information on Peter Cummings he was the only person who was really considered.
It is now essential, in the interests of public confidence, that the FRC get on with this investigation, and without delay. England Deputy Governor Andrew Bailey :. HBOS was at root a simple bank that nonetheless managed to create a big problem. We're doing our best to make sure our content is useful, accurate and safe.
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