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Article: FSA finds no foul play in HBoS share price drop.
- Article from:
- Financial Advisor
- Article date:
- August 7, 2008
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Byline: Stefanie Ives
Rumours about funding difficulties at HBoS were not spread as part of a concerted attempt by individuals to profit by manipulating the share price, the FSA has decided.
Rumours about funding difficulties at HBoS were not spread as part of a concerted attempt by individuals to profit by manipulating the share price, the FSA has decided.
On 19 March 2008, the FSA announced it would be conducting an investigation into trading in HBoS following a sharp fall in its share price.
On 18 March, the HBoS share price closed at GBP4.80p. Prior to the market opening and throughout the morning of 19 March, various rumours ...