Bankers will be paid

Employees will be paid by September 30, according to PricewaterhouseCoopers partner Tony Lomas.

But only if they continue to report for work.

PricewaterhouseCoopers, which has been appointed as administrator to the bank to wind down its operations, has negotiated a loan to help pay the 4,000 Wharfers, Mr Lomas said in an Internet presentation on Wednesday, September 17.

For more on the collapse of the bank and its implications click here.