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Wednesday, May 3, 2023

SEC not weighing short-selling ban amid banking sector worries -official

 he U.S. Securities and Exchange Commission is "not currently contemplating" a short-selling ban, an agency official told Reuters on Wednesday, as worries over bank soundness hit share prices.

Shares of mid-sized U.S. lenders gave back early gains in volatile trading on Wednesday, following a two-day rout sparked by the collapse of First Republic Bank, the third bank to fail since March.

https://www.marketscreener.com/quote/stock/FIRST-REPUBLIC-BANK-6971337/news/US-SEC-not-weighing-short-selling-ban-amid-banking-sector-worries-official-43731555/

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