The chief executives of many of Britain’s banks have skipped formal meetings about fraud with the chancellor and home secretary for almost two years, The Sunday Times can reveal.
Despite banks’ claims to be lobbying to protect customers from scams, details of two official high-level meetings show that bank bosses failed to attend. This news comes after it was revealed that banking executives had tried to water down the industry’s voluntary code that promises to refund all innocent victims of scams.
Treasury and Home Office records, plus minutes and agenda notes, show that the chief executives of Lloyds Banking Group, HSBC and Barclays all attended an Economic Crime Strategic Board on January 14 last year. But Santander sent its chief legal officer, Nationwide sent a