Guido understands that the FSA’s Directors meet today September 28th, Unity Trust Bank is low on the agenda. Off the record briefing line from the FSA is “everything is fine, don’t believe what you read on the internet.”

FSA chairman Sir Callum McCarthy is no fool and is politically attuned having worked for both Roy Hattersly and Norman Tebbit in his time. He even proudly displays in his office a large picture of him and Blair grinning at each other. Nevertheless he will no doubt make sure somebody checks the numbers…

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