Does Lloyds stop fraud swiftly?

Lloyds Banking Group has seen its profits drop by more than a quarter in recent months (Stefan Rousseau/PA) (PA Archive)
Lloyds Banking Group has seen its profits drop by more than a quarter in recent months (Stefan Rousseau/PA) (PA Archive)

When you bank with a 258-year-old institution like Lloyds you can be sure they know what they’re doing. The firm has a centuries-old reputation of looking after its customers, making sure they are protected against fraud and financial crime as soon as it is discovered.

 

To that end, one morning last week the bank sent the Standard City desk an “urgent warning over Taylor Swift ticket scams.”

 

“Thousands have fallen victim, losing an average of £332 each,” the bank said. “Many more fans are likely to fall victim.”

 

Good grief, Spy thought, we must alert readers immediately. The only problem? We weren’t allowed to. The “urgent warning” was under embargo till the following day.

 (Evening Standard)
(Evening Standard)

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