Treasury select committee to examine whether sale to US private fairness firm was in public interest amid fears UK taxpayer will lose out in long-termMPs are to look into the sale of £13bn of former Northern Rock mortgages to the US private fairness group Cerberus Capital,to examine whether the deal was in the public interest.
The Treasury select committee of MPs, led by Andrew Tyrie, and has not decided whether to launch a formal inquiry but will assume advice about the sale after hearing concerns. Related: Northern Rock mortgages worth £13bn sold to US private fairness firm Related: Northern Rock mortgages are latest gamble for US private fairness firm Cerberus Continue reading...
Source: theguardian.com