We agree with Karl’s assessment.
See attached Griggs’ letter to NM.
Griggs states, ex-gratia payment, separate to any subsequent compensation offer, of £35,000 to each potentially impacted customer at the start of the process.
The Review is being carried out without outside scrutiny and without taking the facts and truth behind Turnbull.
STAGGERINGLY, in only 9 out of the 170 director outcomes did Griggs disagree with #LloydsBank. Why? The review is funded and governed by #LloydsBank
Griggs states compensation totalling £76m, with £63m categorised as D&I suffered. This leaves just £13million against business losses.
Link here or article attached: https://publications.parliament.uk/pa/cm201719/cmselect/cmtreasy/correspondence/Russel-Griggs-Nicky-Morgan-hbos-reading.pdf