City sackings hit five-year high after FSA crackdown

The Independent reports the figure is a 56% jump on the previous year, and is down to the FSA's increased campaign against white collar crime. Lawyers from Pinsent Mason obtained the statistics through a freedom of information request. "The FSA has increasingly shown that it is cracking down on financial crime and market abuse. Financial services firms are operating under increased scrutiny and as a result more employers are imposing industry rules more strictly. "FSA enforcement activity has clearly had an impact on firms' willingness to tolerate wrongdoing. Firms now appear muc...