The Lib Dems have called for an independent audit into the quality of
Northern Rock’s assets and loan books.
Treasury spokesman for the party, Vincent Cable, who had called for temporary
nationalisation of the bank, said the audit should be supervised by the Bank of
Cable said job losses were inevitable but further pledged his party’s support
for the legislation – to be rushed through parliament – that will nationalise
In the meantime, government and the regulators are refusing to divulge
details of the role investment bank Goldman Sachs played in nationalising the
bank, although the taxpayer’s money is being used to support the Newcastle-based
Taxpayers will also be paying for the advisory services of Goldman Sachs,
hired to assist the Treasury, Bank of England and the Financial Services
Authority on the future of the bank.
While the bill will formally be paid by Northern Rock, it will technically
come out of the government’s budget under plans of nationalisation.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016