Feds eyeing possible ‘manipulation’ of bank share prices

According to an insider, U.S. officials at both the federal and state levels are assessing the potential of “market manipulation” as a factor behind significant fluctuations in banking share prices in recent days.

The move comes as regional bank shares continued their decline following the collapse of First Republic Bank, the third mid-sized U.S. lender to fail in the past two months, the New York Post reported.

As per Ortex, an analytics firm, short sellers garnered $378.9 million in paper profits on Thursday alone by betting against particular regional banks.

"Feds eyeing possible ‘manipulation’ of bank share prices: report"
READ MORE: https://nypost.com/2023/05/04/feds-eyeing-possible-manipulation-of-bank-shares-report/

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