FSA hunts for rogue traders


LONDON - The Financial Services Authority (FSA) is investigating trading in UK financial shares following the dramatic plunge in HBOS's share price. Both the FSA and the Bank of England quickly dispelled rumours the bank had liquidity problems as a result of unfounded rumours assumed to have been spread by traders hoping to profit from the turmoil.

Sally Dewar, managing director, wholesale and institutional markets, at the FSA, says: "There has been a series of unfounded rumours about UK

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