Goldman Sachs told Philip Green’s Arcadia that there were several potential issues with Retail Acquisitions’ proposal to buy BHS, according to one the US bank’s most senior bankers.

Anthony Gutman, co-head of investment banking services in Europe, the Middle East and Africa at the US bank gave the evidence after being called up to a joint parliamentary select committee panel over the role of advisers in the sale of BHS from Arcadia Group to Retail Acquisitions Group last year.