(Bloomberg) -- Credit Suisse AG reportedly faces 50 billion won ($36 million) in penalties over illegal short selling in South Korea, where authorities are...
-- Credit Suisse AG reportedly faces 50 billion won in penalties over illegal short selling in South Korea , where authorities are due to give an update on their broader investigation into the practice on Friday.Treasuries Rally With Fed Not as Hawkish as Feared: Markets Wrap
Since late last year, South Korea has been probing past short-selling transactions by global banks in a bid to root out illegal use of the practice, and even banned all short selling from last November through next month. It’s a contentious political issue in the country, where the powerful retail-investor cohort often blames the practice for driving stocks lower.
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