Darling welcomes short selling clampdown
LONDON (Reuters) - Chancellor Alistair Darling on Thursday welcomed the announcement by the Financial Services Authority watchdog that it would ban short-selling of stocks and shares from midnight.
"I have discussed this with the FSA and welcome their decisive action on short selling," Darling said in a statement.
"I believe it is the right things to do in the current market conditions and in the interests of financial stability," he added.
© Thomson Reuters 2009 All rights reserved.
Do banks do "God's work"?
The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work". Blog
UK
US
Business Update: Buffett's big buy