On 2 February, two former HBoS employees and four others were convicted of participating in a fraudulent scheme including convictions for bribery and hiding the proceeds of crime.

The case related to offences committed between 2003 and 2007, which, according to the Crown Prosecution Service, saw the bank incur losses of around £250m.

Partner Jae Carwardine and associate Marie Bourke explore what lessons, if any, banks have learnt.

HboS fraud convictions lessons learned