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FT News Briefing

The return of David Cameron

Nov 14, 2023
10:45
Snipd AI
Former UK Prime Minister, David Cameron, returns to the political forefront. Global investment banks criticize South Korea's ban on short selling. Hollywood resumes after strikes, but concerns arise over quality and innovation.
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Podcast summary created with Snipd AI

Quick takeaways

  • Global banks criticize South Korean short selling ban, arguing it will drain liquidity from financial markets and make it difficult to value listed companies.
  • UK Prime Minister Rishi Sunak's cabinet reshuffle, which includes bringing back David Cameron as the new Foreign Secretary, aims to appeal to moderate conservative voters and recover support for the Conservative Party.

Deep dives

Global investment banks upset with South Korean short selling ban

South Korea has implemented a ban on short selling, which has drawn criticism from global investment banks. The ban, which will last until June, is aimed at addressing fair pricing issues in the country's capital markets. However, banks argue that it will make it difficult to properly value listed companies and drain liquidity from South Korea's financial markets.

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