Britain’s Carillion Collapses, Forcing Government to Step In

Carillion's Midland Metropolitan Hospital construction site in Smethwick, Britain Jan. 11, 2018. Reuters/Darren Staples/File Photo

LONDON—Britain’s Carillion collapsed on Monday after its banks lost faith in the construction and services company, throwing hundreds of major projects into doubt and forcing the government to step in to guarantee vital public services.