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| Farepak victims plan bank protest | |
| (about 2 hours later) | |
| Farepak customers are set to protest outside Halifax Bank of Scotland's offices later, over what they see as its role in the savings club's demise. | |
| Victims of Farepak's collapse are expected to protest in Edinburgh as the bank holds a reception. | |
| HBOS has been criticised for acting as banker to Farepak's parent company while Farepak was allowed to continue trading, despite its problems. | HBOS has been criticised for acting as banker to Farepak's parent company while Farepak was allowed to continue trading, despite its problems. |
| Farepak's collapse in October hit some 150,000 people, who lost up to £50m. | Farepak's collapse in October hit some 150,000 people, who lost up to £50m. |
| HBOS provided the overdraft facility to Farepak's owner, European Home Retail (EHR). | HBOS provided the overdraft facility to Farepak's owner, European Home Retail (EHR). |
| HBOS's decision not to extend EHR's overdraft eventually led to administrators being called in. | HBOS's decision not to extend EHR's overdraft eventually led to administrators being called in. |
| Pending review | Pending review |
| Since it collapsed, a Farepak Response Fund has been launched, with contributions coming from individuals as well as companies, raising some £6.4m. | Since it collapsed, a Farepak Response Fund has been launched, with contributions coming from individuals as well as companies, raising some £6.4m. |
| HBOS gave £2m to the fund but some critics have said the amount was small given its role in the collapse. | HBOS gave £2m to the fund but some critics have said the amount was small given its role in the collapse. |
| According to the Financial Times, HBOS is stepping up its security for its reception in expectation of the protests. | According to the Financial Times, HBOS is stepping up its security for its reception in expectation of the protests. |
| In the wake of Farepak's collapse, the Treasury is set to launch a review of how Christmas saving clubs - which tend to be be highly unregulated - work. | In the wake of Farepak's collapse, the Treasury is set to launch a review of how Christmas saving clubs - which tend to be be highly unregulated - work. |
| On average Farepak customers are estimated to have lost about £400 each, but some are thought to have lost nearer £2,000. | On average Farepak customers are estimated to have lost about £400 each, but some are thought to have lost nearer £2,000. |