Sun helps investigation into Halifax share price scam

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The Sun has handed a dossier of information to the Financial Services Authority, which is investigating alleged rogue trading, after the Halifax-Bank of Scotland share price nosedived when false rumours about the bank were circulated in the City.

The paper says its deputy news editor, Ben O’Driscoll, received four phone calls from “a man calling himself Ben”, who claimed to work for the bank and said it had stopped lending to customers and had asked the Bank of England for emergency funding.

“When we refused to run the allegation – because it was untrue – they resorted to other tactics, including circulating an email around the City claiming the Financial Times was about to publish a damaging article about HBOS,” the paper says

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