-- 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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