Bankers and Senators Call for Probe into Abusive Short Selling Practices.
TL;DR
The American Bankers' Association has called for a probe into short sellers profiting off the bank crisis, while Senator Elizabeth Warren has requested more information from First Republic Bank executives regarding executive pay and lobbying efforts to weaken regulations. Meanwhile, regional bank stocks rebounded on Friday after Thursday's losses, and the SEC has issued statements on current market events and vowed to investigate and bring enforcement actions if violations of federal securities law are found.
Topics:businessfinance#american-bankers-association#bank-stocks#finance#first-republic-bank#sec-probe#senator-elizabeth-warren
- Bankers Call For Probe Into Short Sellers. Senator Warren Wants Answers From First Republic. Investor's Business Daily
- U.S. bankers urge SEC to probe short sales, reduce 'abusive' trading Reuters
- Regional bank crisis: Here's how DC might act to stop the bleeding MarketWatch
- US banks blame 'abusive trading practices' for crisis of confidence Sky News
- Short selling comes under fire as regional banks sell off Reuters
- View Full Coverage on Google News
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