A Mandy-shambles
THE much-delayed 2023 accounts for The Bank of London Group (TBOL) disclosed an omnishambles… A qualified opinion from auditor EY due to “inadequate historical records”. Multiple restatements of the 2022 numbers. “Material uncertainties” as to whether the bank can continue as a going concern. “Enhanced regulatory supervision” from the Prudential Regulation Authority, plus a separate PRA investigation into “certain historical matters” no doubt linked to “weaknesses in our nascent control environment”.