Previous US President Barack Obama is being reprimanded for purportedly concurring a $400,000 (£310,000) expense for a discourse to a Wall Street bank.

The 44th president has acknowledged an offer to talk at a social insurance gathering facilitated by Cantor Fitzgerald in September, US media report.

The arrangement comes under 100 days after Mr Obama left office.

In 2009, he told CBS: “I didn’t keep running for office to assist a bundle of heavy hitter investors on Wall Street.”

Mr Obama has apparently consented to be a keynote speaker at an occasion facilitated by Cantor Fitzgerald LP, a venture bank that lost more than 66% of its staff in the assault on the World Trade Center on 11 September 2001.

Obama encourages cutting edge to ‘thump down boundaries’

The expense is about double the $225,000 that Hillary Clinton gotten for three talks to Goldman Sachs in 2015.

She was vigorously reprimanded amid a year ago’s presidential battle for her Wall Street addresses, with activists on both sides of the political range requesting she discharge the transcripts.

Amid Mr Obama’s two terms as US president he now and again appeared to have stressed relations with the money related part.

He condemned high rewards paid to bank officials, and said Wall Street shared fault for the 2008 monetary emergency.

A few liberals have censured Mr Obama’s discourse choice, with one author saying it “will undermine all that he has faith in”.

The New York Post, in the interim, said his discourse made him “Money Street’s most up to date tycoon”.

Mr Obama gives off an impression of being getting a charge out of life after the White House since he exited office in January.

On Monday he made his first open comments about group sorting out to understudies at the University of Chicago, where his presidential library is set to be fabricated.

He was envisioned kite-surfing in February with Richard Branson off the Virgin head honcho’s private Caribbean island.

What’s more, quite recently this month, he and previous First Lady Michelle Obama were envisioned on board music head honcho David Geffen’s extravagance yacht off French Polynesia.

They were supposedly on vacation with Bruce Springsteen, Tom Hanks and Oprah Winfrey.

Mr Obama additionally took in a Broadway play in New York City before eating with U2’s Bono.

Two months back the previous president acknowledged an offer from Penguin Random House for two books to be composed independently by him and Michelle.

They are relied upon to get $65m for the arrangement.