Printer Friendly

SHORT-SELLING; Finance Minister moves to allay savings fears of bank customers Bank of Ireland ANGLO IRISH BANK.

A BAN on speculators profiting from falling share prices in the current market turmoil came into force yesterday.

The Financial Regulator prohibited a certain type of trading call "short-selling" in the four big Irish financial shares - AIB Group, Bank of Ireland, Anglo Irish Bank and Irish Life & Permanent.

This happens when a speculator borrows shares in a firm from another party for a short time and then sells them in the hope of buying shares in the same company again for a cheaper price.

The speculator then gives back the shares borrowed and pockets the money made in the intervening trade.
COPYRIGHT 2008 MGN LTD
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Mirror (London, England)
Date:Sep 20, 2008
Words:101
Previous Article:MORE GLOOM ON HOUSING FRONT; Finance Minister moves to allay savings fears of bank customers Bank of Ireland ANGLO IRISH BANK.
Next Article:Pot empty for welfare hike; Finance Minister moves to allay savings fears of bank customers Bank of Ireland ANGLO IRISH BANK.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters