Hedge Funds Not Behind Sell-Off In Banks Say Experts
Wednesday, January 21, 2009 : PermalinkWall Street Journal – Experts say hedge funds are not responsible for the wholesale selloff in U.K. financial stocks which saw shares in the four remaining major banks dive to record lows earlier this week and prompted renewed calls to the U.K. financial regulator to reintroduce a ban on the short-selling of financial stocks.
While Lloyds Banking Group (LYG), HSBC Holdings PLC and Royal Bank of Scotland Group PLC (RBS) all closed in positive territory Wednesday with Barclays PLC (BCS) only down 0.07%, all four had had massive falls Monday and Tuesday.
Tags: banking-group, barclays, barclays plc, financial stocks, financial-regulator, hsbc holdings plc, hsbc-holdings, lloyds, lows, lyg, rbs, royal bank of scotland group, royal bank of scotland group plc, royal-bank-of-scotland, scotland group plc, selloff, wall street, wall-street-journal
trackback from your site.