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October 15, 2008 5:26:53 PM CDT

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Stories related to: Financial Services Authority

Stories

4 Stories

  • September 2008

    • Short Sellers Vilified But Vindicated

      Time  |  Sep 19, 08 3:36 PM CDT

      Short Sellers Vilified But Vindicated

      (Newser) - In a memo to Morgan Stanley employees, CEO John Mack fumed that the investment bank was being attacked "by fear and rumors, and short sellers are driving our stock down." Today, following similar action in the UK, the SEC banned short selling of 799 financial companies to stem sliding prices. But while short sellers may be vultures, they aren't fools: generally, writes Time , a company's stock get shorted when it's already in trouble. More »

      Tags

      Lehman Brothers  • SEC  • AIG  • Morgan Stanley  • Securities and Exchange Commission  • short selling  • John Mack  • Financial Services Authority

  • May 2008
  • April 2008

    • Latest Credit Victim RBS Seeks $24B

      Daily Telegraph (UK)  |  Apr 18, 08 9:34 AM CDT

      Latest Credit Victim RBS Seeks $24B

      (Newser) - Royal Bank of Scotland is preparing to issue new stock after conceding it was facing serious cash flow problems. After consulting with the Treasury and the nation's financial oversight authority, Britain's second-largest bank is planning a rights issue for around $24 billion to rebuild its capital reserves. The move may trigger a wave of other appeals for help, writes the Telegraph . More »

      Tags

      credit crisis  • United Kingdom  • Royal Bank of Scotland  • Financial Services Authority  • ABN Amro

  • January 2008

    • UK To Introduce Sweeping Bank Reforms

      Financial Times (UK)  |  Jan 4, 08 10:51 AM CST

      UK To Introduce Sweeping Bank Reforms

      (Newser) - Britain's chancellor will offer sweeping new powers to that country's equivalent of the SEC to intervene in the event of a banking crisis. In an interview with the Financial Times , Alistair Darling presented a set of triggers that would allow the Financial Services Authority to step in and protect assets from a foundering bank like Northern Rock to avoid depositors panicking More »

      Tags

      Financial Crisis  • subprime mortgages  • United Kingdom  • bank  • Alistair Darling  • Northern Rock  • Financial Services Authority

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