The City's financial watchdog has admitted that those arrested in connection with its largest ever insider dealing crackdown will not be charged for at least a year as officials attempt to build a case against them.
The Financial Services Authority (FSA) has bailed six of the seven people hauled in last week after a series of dawn raids. An insider said the regulator was poised to issue a statement but it was being held up because one of the accused was in hospital.
