Telecommunication Services, Wireless Telecommunications Services, Mobile Telecommunications, Credit Types/Services, Market Research/Public Relations, Advertising/Marketing/Public Relations, Business/Consumer Services, Banking/Credit, Financial Services, Bankruptcy

Telecommunication Services, Wireless Telecommunications Services

U.K. to Examine Former Prime Minister David Cameron’s Greensill Role

The U.K. announced an independent review into contracts it handed Greensill Capital and the role former Prime Minister David Cameron played in lobbying on the financing company’s behalf just months before its collapse

4/12/2021 10:45:00 PM

The U.K. announced an independent review into contracts it handed Greensill Capital and the role former Prime Minister David Cameron played in lobbying on the financing company’s behalf just months before its collapse

The U.K. announced an independent review into contracts it handed Greensill Capital and the role former Prime Minister David Cameron played in lobbying on the financing company’s behalf just months before its collapse.

Updated April 12, 2021 3:50 pm ETLONDON—The U.K. government on Monday announced an independent review into contracts it handed the now-defunct Greensill Capital and the role played by former Prime Minister David Cameron in lobbying on the company’s behalf for access to taxpayer funds just months before its collapse.

Sheriff: Army trainee arrested after hijacking school bus Drake Launches a New Candle Set Just in Time for Mother's Day Victoria Beckham Says Beyonce Told Her Spice Girls Were Huge Career Influence: 'That's Quite Something'

The government said that a review led by lawyer Nigel Boardman would look at the government’s use of supply-chain financing and Greensill, a spokesman for Downing Street said. The review will look at whether the company provided good value for taxpayers and how its contracts were secured.

Greensill’s implosion has spread damage across the world of finance, hitting its financing partner Credit Suisse Group AG and its biggest outside investor, a fund managed by SoftBank Group Corp.Greensill’s tight connections with the world of politics have also raised concerns about its relationships with government actors in the U.K. and elsewhere. headtopics.com

A representative for Greensill, whichfiled for bankruptcy last monthafter it lost credit insurance that was crucial to its business, declined to comment. Greensill had a contract to provide supply-chain financing, used by companies to stretch out the time they have to pay their bills, to the government-funded National Health Service.

Read more: The Wall Street Journal »

Oscars 2021 live updates: Winners, speeches and top moments

Hollywood's biggest night -- the Academy Awards -- is underway.

Good Hopefully all the recent contracts that have been won too will be next.......