Short-Selling Should Be Forbidden, Heraeus Tells Handelsblatt
By Sheenagh Matthews -
2011-08-31T06:21:42Z
Juergen Heraeus, the supervisory board chairman of Germany’s Heraeus Holding GmbH, said short- selling should be forbidden and some financial transactions have damaged banks’ credibility, Handelsblatt reported.
Rules which require banks to hold more equity and limit proprietary trading are a step in the right direction, Heraeus said, according to an interview with the German newspaper.
To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net
To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net
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