No individual prosecutions over HBOS 'market abuse'

A market abuse inquiry launched by the City regulator following the spectacular collapse of HBOS shares in March will not result in action being taken against any individual, it was reported today.

While the Financial Services Authority (FSA) is said to believe that market abuse lay behind the 17% fall in HBOS’s share price, the watchdog has insufficient evidence to take further steps, the Sunday Telegraph said.