Regulators ordered change so you’re able to article on Barclays entry to mortgage strategy
A national service ordered change towards declaration out of a separate investigation to the that loan created by Barclays significantly less than your state-recognized credit scheme https://californiapaydayloanonline.com/ to reflect brand new bank’s opinions, the fresh new Guardian have read.
A keen MP has said you to definitely amendments compromised the partnership ranging from ministers and you can civil servants, and you can called for a query to your processes.
The new Department to own Team, Innovation and you may Enjoy (BIS) got questioned the fresh auditing business RSM Tenon to research if or not a good 2006 Barclays loan to help you a company belonging to businessman Jeffrey Morris contravened this new now defunct brief companies financing guarantees strategy (SFLG). The brand new plan costs new taxpayer nearly ?200m when you look at the payment for banking institutions, with Barclays stating ?69,471 into the Morris mortgage when the company defaulted in it during 2009. Read more
