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How much additional capital will the Bank of London raise by the end of 2024?
3
Resolution / Starting Odds
Less than £25M • 25%
£25M to £50M • 25%
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Official financial reports, news articles, public records
Story
Bank of London Secures £50M Investment Amid HMRC Winding-Up Petition
Sep 7, 2024, 05:29 PM
The Bank of London is facing financial difficulties. The bank has turned to wealthy investor Nasa Hadidi for a capital injection of up to £50 million to shore up its balance sheet. This move comes after HMRC issued a winding-up petition against the Bank of London due to unpaid debts, which the company attributed to 'an administrative error.' The bank has finalized its emergency £50M fundraising to address these financial challenges.
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