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City hedge fund boss hits back at Jamie Dimon’s idea to ban short-selling

‘Companies fail, not when their share price goes down, but when they run out of cash’

By Bilal Jafar
JPMorgan CEO Jamie Dimon said that the US regulators should consider a ban on the short-selling of bank stocks
JPMorgan CEO Jamie Dimon said that the US regulators should consider a ban on the short-selling of bank stocks Photo: Bloomberg via Getty Images

Argonaut Capital chief executive Barry Norris has hit out at a suggestion from JPMorgan boss Jamie Dimon to ban short-selling amid a spate of mid-tier bank collapses in the US.

The City hedge fund manager, known for big gains with short-selling bets, said that “bank bulls” are planning to ban sceptical voices for the crime of making their concerns public.

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