Bank of London resolves tax issue after administrative delay

The Bank of London has paid all its taxes, a spokesperson said this week, after British media reported that the clearing bank had been hit with a so-called winding-up petition by UK tax authorities over unpaid sums due.

The tax body, known as HMRC, filed a winding-up petition on Thursday against the bank’s holding company The Bank of London Group Holdings, according to media reports confirmed by a spokesperson for the lender.

“The Bank of London Group Holdings Limited is fully...