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UK $1.1 Billion (Clearing Bank) Bank of London Investigated by UK Regulator Prudential Regulation Authority (PRA) & Received Winding-Up Petition by UK Tax Authority in 2024 for Unpaid Taxes, Auditor EY Raised Concern on Future Operations Due to Regulatory Investigation & Fund Raising Possibility, Reported $15.9 Million (£12 Million) Loss for 2023, Valuation at $1.1 Billion in 2023, Fellesskap Group & Holdings Took Over in 2024 May
15th May 2025 | Hong Kong
UK (Clearing Bank) Bank of London ($1.1 billion valuation) is being investigated by UK Regulator Prudential Regulation Authority (PRA), and had received winding-up petition by UK tax authority in 2024 for unpaid taxes. Auditor EY had raised concern on Bank of London future operations due to regulatory investigation & fund raising possibility. For 2023, Bank of London reported $15.9 million (£12 million) loss. Bank of London valuation was reported at $1.1 billion in 2023. In 2024 May, Fellesskap Group & Holdings took over Bank of London.
“ UK $1.1 Billion (Clearing Bank) Bank of London Investigated by UK Regulator Prudential Regulation Authority (PRA) & Received Winding-Up Petition by UK Tax Authority in 2024 for Unpaid Taxes, Auditor EY Raised Concern on Future Operations Due to Regulatory Investigation & Fund Raising Possibility, Reported $15.9 Million (£12 Million) Loss for 2023, Valuation at $1.1 Billion in 2023, Fellesskap Group & Holdings Took Over in 2024 May “
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UK $1.1 Billion (Clearing Bank) Bank of London Investigated by UK Regulator Prudential Regulation Authority (PRA) & Received Winding-Up Petition by UK Tax Authority in 2024 for Unpaid Taxes, Auditor EY Raised Concern on Future Operations Due to Regulatory Investigation & Fund Raising Possibility, Reported $15.9 Million (£12 Million) Loss for 2023, Valuation at $1.1 Billion in 2023, Fellesskap Group & Holdings Took Over in 2024 May
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