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Lunch Wrap

On FT Alphaville this morning,

- The FSA gets heavy: Credit Suisse fined £5.6m (4th largest fine ever).

- See you in court, Countrywide edition.

- Naked shorting laid bare: whither US bank share prices?

- Confidence is returning to CDS markets though.

- Carl Icahn: good for investors.

- Chart of the day - the underperformance of Russian equities.

- DSG International, Morgan Hotels, Benfield and of course, the banks in Markets Live.

- And in Further Reading: metals and the return of the dollar.

On FT.com,

- Bank of England clears the way for rate cuts.

- Pru names Harvey McGrath as new chairman.

- CBA pulls out of talks with RBS.

- Bank fears weigh on European equities: the FTSE 100, DAX and CAC all off 0.6% mid morning.

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