Tuesday October 27, 2020

US short traders undermine Bank of Ireland stock

Two US hedge funds have scooped up 1.2 per cent of the bank’s shares at a value of €22 million

Barry J Whyte

Chief Feature Writer

@whytebarry
21st September, 2020

Two major American hedge funds are now betting against Bank of Ireland’s share price after a fund run by Ken Griffin, the billionaire trader, recently shorted the stock.

Citadel, the European arm of Griffin’s hedge fund, built up a roughly €11 million bet last week that shares in the Irish bank would fall in value in the near term, according to Central Bank figures.

Griffin’s short trade follows another bet of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

LearnUpon’s cloud-based learning management system is used by more than 1,000 companies to deliver online training

Rosanna Cooney | 1 day ago

Accounts for Nick Furlong’s Vevey Management state that ‘directors expect some tenants will not be able to pay their rent’

Barry J Whyte | 2 days ago

Despite a 50 per cent increase in Irish customers, German digital bank N26 has no plans to open an office here but will serve its customers from Berlin

Killian Woods | 2 days ago