Ian Fraser Profile picture
Jun 7, 2023 5 tweets 3 min read Read on X
Fantastic presentation on the Ulster Bank scandal from ex RBS/NatWest treasury executive @ianhtyler. He finds it astonishing that John Swift KC was paid £7m-£8m to review the FCA’s swaps redress scheme when he didn’t really understand swaps. Image
It was “completely fraudulent” of Ulster Bank to book hidden liabilities against business customers in order to take hidden margin from swap sales, and the failure of regulators to take action is worse — ex RBS/NatWest Treasury manager @ianhtyler at #TTF Ulster Bank scandal event Image
Steve Middleton makes clear RBS/NatWest bank managers *did* personally benefit from selling IRHPs to business customers, sometimes doubling their salaries by selling three in a year. “There’s a mass of lies about the Ulster Bank sales process”. Email is from Perks vs NatWest case Image
False accounting: many senior Irish bankers escaped jail, despite false assumptions about IASB accounting standards permitting their banks to hide losses, misrepresent their financial position and fraudulently borrow funds: ex consultant with Lombard Risk Systems @Cormacbutler Image
“Ulster Bank cannot pass on the cost of their own illegal borrowing to you, the customer. If the term ‘cost of funds’ appears anywhere in your IRHP agreement, the agreement is INVALID.”

Excellent and informative presentation from @Cormacbutler Image

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More from @Ian_Fraser

Mar 5
Surely this is a resigning matter? Science secretary Michelle Donelan apologises and pays damages to @HeriotWattUni Professor Kate Sang after falsely accusing her of being a Hamas supporter. mirror.co.uk/news/politics/…
Background on science secretary Michelle Donelan's deranged behaviour and eventual climbdown vis-a-vis Professor Kate Sang and Dr Kamna Patel from @BindmansLLP bindmans.com/knowledge-hub/…
The basis for Michelle Donelan’s false claims about Heriot–Watt University’s Professor Kate Sang and UCL’s Dr Kamna Patel was a seriously misleading press release from Tufton Street lobbyists Policy Exchange.
bindmans.com/knowledge-hub/…
Read 5 tweets
Aug 11, 2023
Chancellor Jeremy Hunt’s plan to get British pension schemes to invest more heavily in illiquid/private equity style assets has been dismissed as “pure snake oil” by pensions expert @JohnRalfe1 Image
@JohnRalfe1 The article is in the current issue of @PrivateEyeNews. You can subscribe for £38 a year here: https://t.co/fEKE5kBPvPprivate-eye.co.uk
Image
One of the many obvious dangers of Jeremy Hunt's ill-thought-out plan for pensions is the money will get panhandled by businesses who make big promises but deliver little other than fat pay cheques for themselves. @phillipinman theguardian.com/business/2023/…
Read 4 tweets
Jun 11, 2023
Does anyone know why Boris Johnson made his former parliamentary assistant Charlotte Owen, 29, a life peer? Image
Worth mentioning that Boris Johnson’s desire to ennoble former advisers Ross Kempsell, 30, and Charlotte Owen, 29, caused less of a furore when he nominated them for peerages on 8 November 2022.

in view of the speculation that Charlotte Owen is Boris Johnson’s daughter with his first wife Allegra Mostyn-Owen: here’s an @EveningStandard article in which Mostyn-Owen confirms she and Johnson had no children together. standard.co.uk/news/mayor/he-…
Read 13 tweets
Jun 8, 2023
High Court judge Mr Justice [Jonathan] Swift, who today rejected Julian Assange’s appeal against the order to extradite him on all grounds, is increasingly seen as “government-friendly”. In December 2022, Swift declared Britain’s plan to send migrants to Rwanda lawful. Image
Reporters Without Borders (@RSF_inter) today said: “It’s absurd that a single judge can issue a three-page decision that could land Julian Assange in prison for the rest of his life and permanently impact the climate for journalism around the world.” rsf.org/en/uk-julian-a…
It also looks like Mr Jonathan Swift may have aided and abetted the coverup of the Post Office Horizon scandal.

This @legalcheek article is by barrister Paul Marshall @PaulMar72224296 (not every account with 8 digits after their name is a bot!) legalfutures.co.uk/blog/the-post-…
Read 4 tweets
Jun 8, 2023
“Many female staff at Odey Asset Management learnt to avoid Crispin Odey by ducking into the storage room or toilets when they heard him approaching. They developed a nickname for their boss: The Octopus”

Must-read exposé of a sex pest by @miss_marriage ft.com/content/e5d143…
This is how “odious” Crispin Odey treated one Odey Asset Management receptionist Emily. The details of his sexual assaults of, and inappropriate behaviour towards, female staff members and other women in his orbit are shocking. Excellent journalism by @miss_marriage. ImageImage
Should’ve added that two other journalists worked alongside Madison Marriage on @FTMag’s in-depth investigative article on Crispin “The Octopus 🐙” Odey — @antoniacundy and @pcaruanagalizia Image
Read 6 tweets
May 22, 2023
Gordon Brown’s government and the Bank of England pressured, even coerced, banks to falsify Libor—rates at which they could borrow from other banks—during the 2008 crisis, yet it was individual traders who took the rap, according to new evidence outlined in @andyverity’s «Rigged»  A new book, exclusively se...
ex Brexit secretary David Davis is calling for an inquiry into claims that “British and US authorities covered up state involvement in Libor-rigging and the scapegoating of low and middle-ranking bankers, some of whom have spent years in jail”. thetimes.co.uk/article/riggin…
Andrew Tyrie, who chaired the @CommonsTreasury when it investigated Libor-rigging, expressed concern that claims in Andy Verity’s ‘Rigged’ suggested that the “committee’s inquiry into the Libor scandal was not told the whole truth”. @jameshurley @andyverity Image
Read 4 tweets

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