Sunday, 21 September 2014
Last updated 1 day ago
Aug 25 2011 | 3:09pm ET
Three European countries extended their temporary bans of short-selling financial stocks as the investors worried about similar action by the continent’s largest country.
France’s Autorité des Marches Financiers said its ban, first imposed two weeks ago as part of an effort to tamp down on market volatility, could last until Nov. 11. Italian and Spanish regulators extended their restrictions through the end of September.
Belgium’s ban, introduced at the same time as those of France, Italy and Spain, is indefinite. Greece has also restricted short sales.
Despite the bans, volatility spiked in European trading today—mostly due to fears that Germany would impose a similar ban. Market watchers suggested that investors were shorting Germany’s DAX index out of a fear that their time to do so was short.
Germany’s market regulator, BaFin, said it was “not planning any changes of the short-selling rules which are already in place.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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