RE: 10 percent18 Jan 2020 16:59
Loads of loans given out by the bank were rated wrongly, Vernon Hill used his wife's company to design branches, hadn't got enough cover to remain a bank, over 10% of shares shorted, couldn't get take up for a reasonable bond offering, got rid of useless directors, large withdrawal of deposits, that's about the size of it, don't think I've missed anything, however this is all behind us, onwards and upwards.