Banking, Financial sector, Business, UK news, Peter Mandelson, Politics Business | The Guardian
Lord Mandelson-backed clearing bank’s future was thrown into question by HMRC action over unpaid taxesBusiness live – latest updatesThe Bank of London, the fledgling clearing bank backed by the Labour grandee Lord Mandelson, has announced it has raised another £42m from investors days after being hit by a winding-up order by tax authorities.The financial company said the oversubscribed funding round closed in August, and was led by Luxembourg’s Mangrove Capital Partners. Mangrove is an existing investor known for backing companies such as Skype. Its chief executive Mark Tluszcz sits on the BoL board. Continue reading…
Lord Mandelson-backed clearing bank’s future was thrown into question by HMRC action over unpaid taxes
Business live – latest updates
The Bank of London, the fledgling clearing bank backed by the Labour grandee Lord Mandelson, has announced it has raised another £42m from investors days after being hit by a winding-up order by tax authorities.
The financial company said the oversubscribed funding round closed in August, and was led by Luxembourg’s Mangrove Capital Partners. Mangrove is an existing investor known for backing companies such as Skype. Its chief executive Mark Tluszcz sits on the BoL board.
