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Nissan sees UK revenues fall by almost £1bn during pandemic
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Faraday Battery Challenge awards $14M to 17 battery projects
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Nissan announces 400 new jobs at its Sunderland car factory
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Greensill Bank s office in Bremen
Credit:
Markus Hibbeler /BloombergÂ
Bloomberg reports prosecutors are raiding the offices of Greensill bank, the lender that collapsed recently with billions of debts.
The homes of five suspects in Bremen were also raided by prosecutors investigating accounting irregularities, the publication said.
Bloomberg has the details: Â
Searches in the bankâs offices started last week and are continuing, said Frank Passade, a spokesman for prosecutors. Investigators on Tuesday also raided the homes of some of the five suspects in the probe. âThe raid continues as long as we say it continues,â Passade said. âThis gives us the opportunity to get into the bankâs offices whenever we need it.â
Taxpayers underwrite £600m loan to Nissan
UK Export Finance guarantees bank loan to support Sunderland plant as it plunges to £544m annual loss
21 April 2021 • 11:58am
Nissan’s giant Sunderland plant has been given almost £500m of taxpayer backing after the company’s British manufacturing arm reported a huge annual loss as output plunged because of lockdowns.
Accounts filed with Companies House show Nissan Motor Manufacturing UK agreed a £600m, five-year loan with a syndicate of banks understood to be led by HSBC in December, which is 80pc underwritten by UK Export Finance (UKEF).
UKEF is Britain’s state-backed export credit agency. It provides finance and insurance to help exporters win and fulfil foreign sales, and picks up the tab if the customer fails to pay.