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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Financial Services Authority

Financial Services Authority stories: 4 news summaries
ANALYSIS

Short Sellers Vilified But Vindicated

They may be vultures, but it's not their fault banks are in trouble

Sep 19, 08 3:36 PM CDT
(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... More »

MORE ABOUT:
Morgan Stanley • John Mack • SEC • Lehman Brothers • AIG • short selling • Financial Services Authority

 Feds Hunt for Scams
 in Crude Oil Trading 

Speculators may be driving up crude by manipulation

May 30, 08 7:55 AM CDT
(Newser) - Federal regulators are investigating whether rocketing oil prices are being driven up by speculators manipulating futures markets, reports the Wall Street Journal. The nationwide probe involves several separate investigations. Authorities suspect that a widely used price reporting system may be artificially influenced and that some oil storage facilities may be... More »

MORE ABOUT:
insider trading • futures market • gas prices • oil price • Commodity Futures Trading Commission • New York Mercantile Exchange • Financial Services Authority • jet fuel • Bart Chilton • oil industry • Platts • McGraw-Hill • oil futures • Intercontintental Exchange

 Latest Credit Victim
 RBS Seeks $24B 

UK's 2nd-largest bank faces severe cash shortfall

Apr 18, 08 9:34 AM CDT
(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... More »

MORE ABOUT:
United Kingdom • Royal Bank of Scotland • credit crisis • Financial Services Authority • ABN Amro • Fred Goodwin

UK To Introduce Sweeping
Bank Reforms

Darling announces regulatory shift after Northern Rock fiasco

Jan 4, 08 10:51 AM CST
(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... More »

MORE ABOUT:
United Kingdom • subprime mortgages • bank • Northern Rock • Alistair Darling • Financial Services Authority • financial crisis

4 Stories


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