For British PM Boris Johnson, the fallout from the collapse of Greensill has been akin to being gifted a golden saucer filled with excrement. At the time, BoJo apparently didn’t see anything wrong with facilitating the lobbying objectives of one of his predecessors, former PM David Cameron. But now that the British tabloid press has sicced the hounds on the PM, he has apparently realized it’s time for some damage control.
No 10 is to a launch an independent investigation into former prime minister David Cameron’s lobbying for the now-collapsed Greensill and the role of the scandal-hit financier Lex Greensill in government.
Insider trading must be tackled by regulators to provide a fairer market for small shareholders, particularly since the pandemic caused record levels of retail trading accounts, says Mohammed Rharrabti, senior business analyst at Natixis.
“You can go to a forum and see many people exchange about their trade and shares. If you’re a small shareholder, you will have the opportunity to see all the moves. If you see something gaining 20 percent in a day it could be because of the news and so on, but there will be people that have taken this position 10 days before. This is not normal.” he says. Continue reading “Article: Concerns over insider trading mount”
By now, the British media has been inundated with reports about the special access afforded Greensill Capital, the trade-finance firm that collapsed and filed for administration three weeks ago after its main insurer declined to renew policies on some of Greensill’s assets, setting off a chain reaction that ensnared some of Europe’s biggest banks (including the embattled Credit Suisse, which is simultaneously fighting off another scandal in the Archegos Capital blowup).
And many of these stories have focused on the firm’s relationship with former Prime Minister David Cameron, who was hired as a senior advisor by the firm after he left No. 10 Downing Street. Cameron continued to lobby on the firm’s behalf, even after the michegas at GAM a few years back that led to the departure of star trader Tim Haywood, one of the most high-profile investors in London. It was reported that alleged misconduct attributed to Haywood had to do with his investments in Greensill paper – paper that was reportedly tied to Sanjay Gupta’s GFG Alliance group of companies, who have also emerged as main characters in the collapse of a group of Credit Suisse funds (the bank is now tallying client losses and even weighing the possibility of reimbursing some of its more important clients who have threatened to take their business elsewhere). Continue reading “Article: Influential UK Standards Watchdog Targets Cameron’s Greensill Lobbying”
Think multiple billion dollar lawsuits. Think massive RICO investigation that has been going on for three years. Think NSA database harvesting going back to 2005. Think Ranger Battalion with fixed bayonets. #UNRIG #MAGA