FSA chairman prepared to reinstate short-selling ban if necessary

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FSA chairman prepared to reinstate short-selling ban if necessary

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01-24-2009, 01:34 AM

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FSA chairman prepared to reinstate short-selling ban if necessary

Short-sellers were blamed for the chaos in the City back in September and, in particular, for the near collapse of HBOS’ share price which then led to its merger with Lloyds TSB. As a result, the Financial Services Authority (FSA) imposed a temporary ban on short-selling in financial stocks until 16 January.Short-selling is when an [...]

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