Financial regulator announces move as ex-PM’s messages to Rishi Sunak, Michael Gove and others are released

The UK’s financial regulator has launched a formal investigation into the collapse of Greensill Capital, as David Cameron’s text message lobbying of serving ministers in an efforts to save the controversial bank were made public for the first time.

In one text message at the beginning of the pandemic Cameron said he was “riding to the rescue … with my new friend Lex Greensill”.

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