Short-selling ban ends, Greek security watchdog says
Greece’s securities watchdog said a short-selling ban on bank shares will be lifted on Monday, two weeks before its expiration date, as the country’s top lenders had completed share issues to plug capital holes.
The ban was applied to protect investors during the recapitalization of the country’s major banks, which was completed last month. Short-selling involves investors borrowing shares to sell on the market with the aim of later buying them back at a lower price to make a profit. [Reuters]
