In April 2020, former-PM David Cameron contacted Rishi Sunak using his personal number in an attempt to access emergency COVID-19 loans for Greensill Capital. This conduct led to accusations that Cameron illegally lobbied the Chancellor on behalf of the firm. Cameron has since been cleared of any wrongdoing.
The Financial Conduct Authority (FCA) recently announced that it has started criminal proceedings against NatWest for money laundering offences related to an account worth £365mn.
President Biden’s Stimulus Bill of a whopping $1.9 trillion has been passed by the US Congress.
A senior Indian government official informed Reuters about plans to propose a law that would criminalise the possession and use of cryptocurrencies.
White & Case has advised a series of lenders including Cross Ocean Partners on the refinancing and upsizing of the Odeon Cinemas Groups’ credit facilities.
When Deliveroo lists on the London Stock Exchange (LSE), it has stated that its busiest couriers will each receive bonuses of up to £10,000 from a dedicated £16m fund.
Morrisons is likely to drop out of the FTSE 100 for the first time in five years. The fall of the supermarket chain is a result of the predicted end to a grocery spending spree.
On 3 March 2020, Rishi Sunak announced the 2021 budget, explaining how the government intends to rebalance public finances, with a three-point plan and a pledge to protect jobs and livelihoods.
The High Court has ruled that finance firm PCP Capital, owned by Amanda Staveley, was not entitled to damages from Barclays. It held that although Barclays bankers acted inappropriately when transacting with the firm, this didn’t cause it to suffer loss.
The UK Chancellor, Rishi Sunak, has announced an increase in corporation tax (a tax levied on a company’s profits) from 19% to 25% as part of the government Budget for 2021 following record government spending and borrowing during the coronavirus pandemic.