Brexit secretary David Davis defended friend from FSA fine

Pictured: Brexit secretary David Davis, who backed banker Ian Hannam after he was fined by the Financial Services Authority 

Pictured: Brexit secretary David Davis, who backed banker Ian Hannam after he was fined by the Financial Services Authority 

Brexit secretary David Davis supported a star banker's appeal against a £450,000 fine while working for one of his companies, it has been claimed.

Davis had taken a position on the supervisory board of German manufacturing firm Mansfelder Kupfer und Messing (MKM) - owned by City hotshot Ian Hannam - in June 2013. 

And just a month later, Davis was pushing back against the 'outstanding pattern of behaviour' shown by the Financial Services Authority in its decision to punish Hannam for insider dealing. 

Former JP Morgan high-flyer Hannam - who was a member of the 21 SAS Reserve Regiment with Davis - had also given £2,000 to the former shadow home secretary's Conservative leadership bid in 2005, according to The

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