Greensill: State bank risked £335m to back lender, say MPs
A government-backed bank did not scrutinise Greensill Capital properly, MPs say. …
The MPs’ report pointed to issues raised with the National Crime Agency about one part of GFG Alliance, Wyelands Bank, that the Treasury and the Department for Business, Energy & Industrial Strategy (BEIS) spoke about, but did not share with the British Business Bank “because they deemed it not to be relevant to the accreditation process despite Greensill being a significant financier to the GFG Alliance”.
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