Banking ETFs Dive After Short Sale Ban Lifted

SmartMoney‘s Rob Wherry reports that banking ETFs were the hardest hit in Thursday’s trading after the SEC lifted a temporary ban on short sales and the credit crisis continued to pressure the market.

The SPDR KBW Regional Banking ETF (KRE) lost 14.1%. Its counterpart, iShares Dow Jones U.S. Regional Banks (IAT), fell 12.4%.

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