Court told Bank knew BCCI's 'dubious reputation'

The High Court in London was told Monday 2 february that the Bank of England was aware that the collapsed Bank of Credit and Commerce International had an "appalling reputation" and that other banks "wouldn't touch BCCI with a barge-pole before granting it a licence.

Lawyers acting on behalf of the BCCI liquidators who are seeking up to £850m in damages said Monday that the Bank of England's own records showed that BCCI had "a very, very widespread dubious reputation". Gordon Pollock QC told t

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