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Aug 6 2017

Worst kind of company: Alarm in Britain over Macquarie Bank s proposed takeover of UK s Green Investment Bank #banking #and #finance, #macquarie #bank, #takeover, #privatisation, #green #investment #bank, #vince #cable, #worst #kind #of #company, #clive #lewis #labour #mp, #gregory #barker, #tory #mp, #former #energy #minister #

# ‘Worst kind of company’: Alarm in Britain over Macquarie Bank’s proposed takeover of UK’s Green Investment Bank Banks admit breaking cartel laws London: A bipartisan coalition of former and serving British MPs has raised alarm about Macquarie Bank buying up the UK’s Green Investment Bank, with the former business secretary saying the Australian investment bank is the “worst kind of company” to be acquiring the £2 billion ($3.4 billion) fund. MPs expressed fears that Macquarie Bank, known in Australia as the “millionaires factory”, would acquire the Green Investment Bank (GIB) only to strip it of its most profitable parts, …