ACC quiet on KPMG

ACC Bank held a regular board meeting yesterday, but did not issue an expected statement on the £200,000 KPMG report carried …

ACC Bank held a regular board meeting yesterday, but did not issue an expected statement on the £200,000 KPMG report carried out in order to identify what a due diligence process would reveal in advance of any merger with TSB. The report, identifying a number of "deficiencies" at the State bank, has already been sent to the Minister for Finance.

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