Wall Street banks rein in hedge funds’ short bets on meme stocks ...Qatar

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Wall Street banks rein in hedge funds’ short bets on meme stocks
Wall Street’s top brokers are quietly tightening their rules for who can bet against retail traders’ most-popular meme stocks. Bank of America Corp, Citigroup Inc and Jefferies Financial Group LLC are among firms that have adjusted their risk controls at prime-brokerage operations, according to people familiar with the moves. The banks are trying to protect themselves against fallout from extreme surges and dips that have characterised trading in companies including AMC Entertainment Holdings Inc, MicroVision Inc and GameStop Corp. The changes mean some hedge funds and other institutional investors now face higher collateral requirements or are limited from shorting certain stocks, the peop

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