Italy bans short-selling of financial stocks

Italy bans short-selling of financial stocks
Updated on

Summary Italian market regulator Consob banned short-selling of financial stocks for a week on Monday.

The bourse plunged on fears the debt crisis pounding Spain is dragging Italy into the quagmire.Given the recent turn of events on the market, Consob has decided to reintroduce the ban on short-selling stocks in the banking and insurance-company sectors, the regulator said in a statement.
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