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Recent for 10/22/08

  • FSA Extends Ban On Short-Selling · The U.K.'s Financial Services Authority said Wednesday it will uphold a ban on short-selling of financial stocks following a 30-day review of the new measures.  However, the regulator said companies will no longer be required to disclose their daily net short positions. (The Times)
  • Germany Probes KfW Over Lehman Transfer · Management at KfW Group, a German government-owned development bank, is under investigation by prosecutors probing a $411 million automated payment the bank made to Lehman Brothers the day it filed for bankruptcy protection. (Bloomberg)
  • Markets Roiled In Europe And Asia, Nikkei Falls 6.8% · Asian and European stocks declined sharply Wednesday as global financial institutions continued deleveraging and European currencies fell to their lowest points against the dollar in years. The Nikkei 225 stock average plunged 6.8% after three days of gains as the yen surged. (NYT)