Firms fear FSA blitz after credit crunch

According to a poll conducted by law firm Eversheds, 55% are concerned by an "anticipated" crackdown with 40% worried about investigations by the FSA and Serious Fraud Office. Additionally, the study suggests the economic turmoil will cause serious and long-term damage to the sector with over half saying it could take as long as two years to recover. "The financial services sector has received a huge amount of criticism from both the media and the public in the fallout from the economic crisis and, as a result, the recovery of its reputation looks set to take some time," Pamela Thompson...