Protected banks welcome new European short-selling bans

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The imposition of a short-selling ban last night by regulators in Belgium, France, Italy and Spain has been welcomed by banks that are protected by the move. For the next 15 days, investors will be prevented from putting on new net short positions – or adding to existing ones – in a total of 60 different banks and other large financial firms.

"I think it makes sense," says a senior trader at one of the banks "We've seen a totally disorderly market this week, with big, irrational movements based

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