Warrington bank investment sale part of ‘focusing resource and effort’ on financial sustainability goal

Warrington Borough Council has said a decision to exit its investment in Redwood Bank is “in the best interests of the council at this time”.

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Speaking after the authority’s Cabinet formally approved the sale of its 30.5% shareholding in the bank at a substantial financial loss, cabinet member for

Warrington bank investment sale part of ‘focusing resource and effort’ on financial sustainability goal

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