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.