The Financial Blog

The FSA has confirmed it wil be investigating the trading in UK financial shares in recent days.

Managing director, wholesale and institutional markets, Sally Dewar, said: “There has been a series of completely unfounded rumours about UK financial institutions in the London market over the last few days, sometimes accompanied by short-selling.  We will not tolerate market participants taking advantage of the current market conditions to commit abuse by spreading false rumours and dealing on the back of them.

“We remind market participants of the need to take extra care, in this market climate, to adhere to the market code of conduct.”

I think this may be referring to the Halifax Bank of Scotland rumours reported in the news yesterday…

This entry was posted on Thursday, March 20th, 2008 at 11:03 am and is filed under Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.