Ex-PM David Cameron lobbied Tory associate at Lloyds to salvage Greensill pharmacy deal November 23, 2021 Former Prime Minister David Cameron lobbied Lloyds bank to change a decision to slash ties with ailing Greensill Capital, it has been reported. Cameron reached out to a board member whom he had ennobled during his Downing Street stint, the Financial Times reported on Tuesday. The newspaper cited “people familiar with the matter” as saying [...]
British Business Bank’s oversight of Greensill was ‘woefully inadequate’ with £335m of taxpayers’ money at risk November 20, 2021 A new report has warned that up to £335m of taxpayers’ money is at risk due to failures by the British Business Bank to properly scrutinise bust lender Greensill Capital. The Public Accounts Committee of MPs found that the bank, which oversaw the billions lent to businesses during the pandemic in loans backed by the [...]
Founder of tech firm where David Cameron chaired advisory board steps down after sexual assault claims November 19, 2021 The founder of a tech group at which former prime minister David Cameron was an adviser has stepped down amid allegations of sexual harassment. Zia Chishti, who founded Afiniti, was accused this week of pressuring a former employee into having sex with him on a business trip, when it was also alleged he beat her. [...]
EY Parthenon brings on former government advisor Mats Persson as partner July 22, 2021 EY has announced the appointment of Mats Persson, a former chief of staff to Sajid Javid, as a partner in its strategy and transactions business. Persson had already been acting as an independent advisor over the last year, designing strategies for transport and energy companies, the auditing giant said in a statement published last week. [...]
Parliamentary inquiry into Cameron Greensill saga says lobbying rules are ‘insufficient’ July 20, 2021 A parliamentary committee looking into the Greensill saga blasted ex-prime minister David Cameron for the “significant lack of judgement” he showed in his support for the failed firm. The “Lessons from Greensill Capital” report by the Commons Treasury Select Committee found that the current ministerial lobbying rules are “insufficient” and “there is a good case [...]
David Cameron earned more than $1m a year as Greensill lobbyist July 13, 2021 Collapsed finance group Greensill Capital paid the former Prime Minister a salary of more than $1m (£722,000) a year to lobby government ministers and officials on behalf of the firm. Cameron was contracted to work 25 days a year as an adviser to the board, meaning his daily take home earnings amounted to more than [...]
Greensill Capital: The financial scandal that just won’t go away July 5, 2021 On Friday, it was announced that Credit Suisse will pay out a further $750m to backers of its Greensill-linked supply chain finance funds. Thus far, the lender has clawed back $6.1bn of the $10bn of its funding supported by collapsed supply chain finance firm Greensill Capital, up $200m on its previous update. The news follows, [...]
Greensill: David Cameron made multiple attempts to lobby Bank of England April 22, 2021 David Cameron made multiple attempts to lobby Bank of England (BoE) officials over allowing collapsed financier Greensill access to the bank’s Covid Corporate Financing Facility (CCFF) scheme. Documents obtained by Freedom of Information request show that Cameron contacted officials five times in total over the “incredibly frustrating” issue. It is the latest saga in a [...]
Hand it over: David Cameron ordered to show lobbying text messages April 21, 2021 Former prime minister David Cameron has been given two weeks to pass on the details of his text messages in which he attempted to lobby the chancellor on behalf of failed finance firm Greensill. In a letter to Cameron, the chairman of the Treasury select committee urged the former prime minister to release details of [...]
Greensill job allowed Bill Crothers to evade scrutiny, says former Home Office official April 15, 2021 Former Home Office permanent secretary Sir David Normington said that he was “absolutely amazed” that a top civil servant was permitted to work as a part-time adviser at Greensill Capital while still in Whitehall. Asked about the Bill Crothers case, Sir David told BBC Radio 4’s Today programme today: “Well actually, when I heard it, [...]