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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team