Greensill: British Business Bank’s ‘woefully inadequate’ checks put £335m at risk, say MPs

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Public accounts committee questions why the bank was ‘insufficiently curious’ about reports suggesting Greensill was close to collapse

The committee looked at the role of the British Business Bank and said: “Up to £335m of taxpayer money is at increased risk following the British Business Bank’s failure to conduct sufficient due diligence into Greensill Capital ... when it applied to be a lender under the bank’s business support schemes.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Capitalism/Institutionalism/Fascism: “When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” Frédéric Bastiat

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines