British lawmakers on Tuesday published in full a confidential report detailing Royal Bank of Scotland's mistreatment of struggling businesses during and after the financial crisis, the International New York Times reported on a Reuters story. "The findings in the report are disgraceful," Nicky Morgan, chair of the cross-party Treasury Select Committee, said. The TSC said in a statement it had agreed to publish immediately the final, unredacted report, which contains the findings of an inquiry into RBS's then-restructuring unit GRG.

HSBC has warned that it could pay at least $1.5bn in penalties over alleged tax evasion and money laundering at its Swiss private bank, casting a shadow over Stuart Gulliver’s final day as chief executive, the Financial Times reported. The estimate underlines how the outgoing HSBC boss has struggled to get to grips with the string of scandals thrown up by a number of ill-judged acquisitions dating back to before he took over in 2011. Mr Gulliver was due to hand control of the bank at midnight on Tuesday UK time to John Flint, HSBC’s former global head of retail banking.

Britain’s pensions regulator twice ignored requests from trustees of collapsed outsourcing firm Carillion to force the company to plug its pension deficit, lawmakers said on Tuesday. The Pensions Regulator has come under fire for taking insufficient steps to protect pension scheme members of troubled companies, following the collapse of department store chain BHS in 2016, Reuters reported. Carillion collapsed on Jan. 15, with only 29 million pounds ($41 million) of cash left.

KPMG and other leading accountancy firms face serious questions over their work with failed construction firm Carillion after making millions of pounds out of their relationships with the company, British lawmakers said on Tuesday. Lawmakers from two parliamentary committees examining the collapse of Carillion said that KPMG had earned 29.4 million pounds ($41 million) from auditing the contractor’s accounts since the company was founded in 1999.

A day after the Bank of England hinted that it could raise interest rates faster than many expected, a run of economic figures on Friday suggest the British economy did not end 2017 as strongly as previously thought, the International New York Times reported on an Associated Press story. Official figures showed a 1.3 percent monthly decline in industrial production in December and a 4.9 billion-pound ($6.9 billion) trade deficit for goods and services, its worst since September 2016.

The British government said on Thursday that another 101 jobs at Carillion Plc will be cut, as the fallout from Britain’s biggest corporate failure in a decade continues, Reuters reported. The Official Receiver, which manages insolvencies for the British government, said it safeguarded a further 1,221 jobs at the company but 101 roles have been made redundant. The jobs made redundant relate to back-office functions and engineering support roles that new suppliers no longer require, the statement said. So far 2,250 jobs have been saved and 930 job redundancies have been made.

Britain’s J. Murphy & Sons Limited has bought Carillion’s UK power framework business for an undisclosed sum, the privately held engineering and construction company said on Wednesday. It will take over Carillion’s position on National Grid’s overhead electricity lines, substation and underground cable framework contracts and Carillion employees will join Murphy, the company said.

The chairman of Carillion said he took “full and complete” responsibility for the construction firm’s collapse, which has put thousands of jobs on the line and left creditors, suppliers and pensioners facing losses of millions of pounds. Employing nearly 18,000 people in Britain, Carillion failed on Jan. 15 when its banks halted funding, triggering Britain’s biggest corporate demise in a decade and forcing the government to step in to guarantee vital public services, Reuters reported.

In a related story, Bloomberg News reported that, for a leader of the U.K.’s party of business, Prime Minister Theresa May has had plenty of corporate headaches in her 18 months in power. None have been more spectacular than Carillion Plc, the construction giant whose collapse last month threatens to make politically toxic the notion of governments outsourcing to cut costs, Bloomberg News reported. At a parliamentary hearing, lawmakers Tuesday accused its management of being “asleep at the wheel.” Here is a snapshot of how U.K. Plc is going to keep giving May grief.

The U.K. economy is being bailed out by stronger growth in the euro area and the rest of the world, according to the National Institute of Economic and Social Research, Bloomberg News reported. A better-than-expected global expansion accounted for about a third of the increase in U.K. gross domestic product last year, explaining the nation’s stronger-than-forecast performance in the wake of the Brexit vote, the think tank said in a report Wednesday. The resulting boost to trade, at a time when future commerce relationships remain uncertain, was “critical” for the U.K.