US banks blame ‘abusive trading practices’ for crisis of confidence

The main lobby group for US banks has appealed for regulators’ help to close the door on the crisis of confidence ripping through shares in a growing number of the country’s lenders.

The American Bankers Association (ABA) used a letter to the Securities and Exchange Commission (SEC) to accuse so-called short sellers of bringing otherwise healthy banks to their knees through “abusive” practices.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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