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Spain, Italy Extend Bans on Short Selling of Bank Stocks

Italian and Spanish financial market regulators extended temporary bans on short selling of financial shares that were introduced last month in a bid to stem market volatility.

The European Securities and Markets Authority announced the extension by the two countries in an e-mailed statement. The Spanish ban will remain “until the market conditions allow it” to be lifted, the country’s financial regulator said in its statement. Italy’s restriction, and another enacted by France in August, will both last until Nov. 11.