Monday June 1, 2020

Banks off limits for financial spread betting

Spread betting firms have suspended taking short trades on Irish bank stocks, following the Financial Regulator’s move to stop short-selling of shares in Irish banks.

20th September, 2008

Spread betting firms have suspended taking short trades on Irish bank stocks, following the Financial Regulator’s move to stop short-selling of shares in Irish banks.

The regulator’s ban on short-selling applies to AIB, Bank of Ireland, Anglo Irish Bank and Irish Life & Permanent and is primarily targeting large-scale speculative activity aimed at driving down the share prices of the four companies.

Many investors expected that spread betting would not be...

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