Inquiry into Pioneer Mutual bank collapse as savers refunded £3.3m two years after auditors warned of its future as a going concern
PREMIUM
£3.3m payout: Probe over collapse of Scots bank two years after auditors warned of its future as a going concern AN INVESTIGATION has been launched into how £3.3m had to be refunded to thousands of savers as a Scottish community bank collapsed two years after auditors cast doubt over its future as a going concern. It has further emerged that the Barrhead-based Pioneer Mutual Credit Union which fell into insolvency failed to provide annual accounts to financial regulators since 2018.