Owen Smith

Earlier this month, the company revealed that it would return £16,000 received from Ian Rosenblatt after the law firm he founded was chastised for his work with Moscow-based VTB Capital. However, it has apologised and decided to hold the money after an internal investigation found that it had been too hurried in responding to the Daily Telegraph's news. Mr Rosenblatt, although retaining a majority interest in Rosenblatt, is no longer a director and had no active involvement in the company. In addition,, the bank's defunct UK arm, Teneo, was limited to acting for the bank's defunct UK arm, and it had been paid for by the Treasury and paid for by the Bank of England.