Today news
About the same in other media
Greensill: British Business Bank’s ‘woefully inadequate’ checks put £335m at risk, say MPs
Reading now: 471
Up to £335m of taxpayers’ money could be at risk due to failures by the British Business Bank to properly scrutinise collapsed lender Greensill Capital, according to a new report.
The public accounts committee found that the bank, which oversaw the billions lent to businesses during the pandemic in loans backed by the government, failed to conduct sufficient due diligence.
Politicians also questioned why the bank was “insufficiently curious” about reports that suggested Greensill was close to collapse and said checks on the lender were “woefully inadequate”.
The scandal surrounding Greensill has spread throughout Westminster with allegations the lender was given preferential treatment.
Greensill Capital collapsed in March 2021, triggering a
Read more on theguardian.comAbout this in other media
A new golden age of British rail depends on total electrification theguardian.com /3 years ago
David Cameron lobbied Lloyds director to save Greensill pharmacy deal theguardian.com /3 years ago
Tea break? British shoppers turn their noses up at the traditional cuppa theguardian.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
