Speculators build $16 billion bearish bet on Europes banks

LONDON (Reuters) – Short sellers had amassed bearish positions worth more than $15.7 billion against European banks by Tuesday, after the collapse of Silicon Valley Bank sparked contagion fears and sent shares plunging, according to S&P Global Market Intelligence.

伦敦（路透社）——标准普尔全球市场情报公司的数据显示，截至周二，在硅谷银行倒闭引发蔓延担忧并导致股价暴跌后，卖空者已经积累了价值超过 157 亿美元的空头欧洲银行头寸。

Big hedge funds including Marshall Wace and Odey Asset Management added to short positions against Europes banks, regulatory filings seen by Reuters and data from Breakout Point showed.

路透社看到的监管文件和 breakout point 的数据显示，包括 marshall wace 和 odey asset management 在内的大型对冲基金增加了对欧洲银行的空头头寸。

Short selling involves borrowing shares from a broker to sell them, with the expectation of buying them back at a lower price to make a profit.

卖空涉及从经纪人那里借入股票并卖出，期望以较低的价格买回股票以获利。

Odey Asset Management and Marshall Wace declined to comment.

odey asset management 和 marshall wace 拒绝置评。

Marshall Wace held the largest disclosed number of short positions against banks, public filings from Austria, Italy, Sweden, Britain, Spain and Poland analysed by Breakout Point showed. The banks included BAWAG, FinecoBank, Handelsbanken, CaixaBank, NatWest Group and PKO Bank Polski.

breakout point 分析的来自奥地利、意大利、瑞典、英国、西班牙和波兰的公开文件显示，marshall wace 持有的空头头寸数量最多。这些银行包括 bawag、finecobank、handelsbanken、caixabank、natwest group 和 pko bank polski。

Handelsbanken, Mediobanca, BNP Paribas, Credit Suisse, Close Brothers, Deutsche Bank were among financial firms that ended Tuesday with the highest proportion of shares on loan to short sellers, according to S&P Global Market Intelligence.

根据标准普尔全球市场情报公司的数据，截至周二结束时，handelsbanken、mediobanca、法国巴黎银行、瑞士信贷、close brothers 和德意志银行等金融公司中向卖空者出借股票的比例最高。

The 113 lenders tracked by the researchers saw an average increase of 5% of shares out on loan between March 10 and 14.

研究人员追踪的 113 家贷方发现，在 3 月 10 日至 14 日期间，借出的股份平均增加了 5%。

The data did not cover the drop in Credit Suisse shares on Wednesday, which fell by as much as 30% at one point after its top shareholder said for regulatory reasons it could not inject more capital into the bank.

该数据并未涵盖周三瑞士信贷股价的下跌，在其最大股东表示出于监管原因无法向该银行注资后，该股一度下跌多达 30%。

Traders with short positions on Credit Suisse could, according to market prices, potentially have made month-to-date profits of up to $238.6 million and year-to-date profits of up to $192.4 million, research from S3 Partners showed.

s3 partners 的研究显示，根据市场价格，持有瑞士信贷空头头寸的交易员本月迄今可能获利高达 2.386 亿美元，年初至今获利高达 1.924 亿美元。

BNP Paribas shares fell by as much as 12% on Wednesday before recovering to show a loss of 9%, while Deutsche Bank shares fell almost 9%.

法国巴黎银行股价周三下跌多达 12%，随后回升至下跌 9%，而德意志银行股价下跌近 9%。

In the week to Wednesday, some 120 billion euros ($126 billion) had been wiped off the value of European bank shares.

在截至周三的一周内，欧洲银行股市值蒸发了约 1200 亿欧元（1260 亿美元）。

“Its a panic selloff with little thinking about the fundamentals,” said Jerome Legras, head of research at Axiom Alternative Investments, when asked if there was any correlation between the banks being shorted.

当被问及被卖空的银行之间是否存在任何关联时，axiom alternative investments 研究主管 jerome legras 表示：“这是一场恐慌性抛售，几乎没有考虑基本面。”

The rout began after Silicon Valley Bank was forced to sell a portfolio of bonds at a loss to meet the demands of its customers who wished to withdraw funds, prompting fears of a liquidity crunch at other financial institutions.

在硅谷银行被迫亏本出售债券组合以满足其希望提取资金的客户的需求之后，引发了对其他金融机构流动性紧缩的担忧。

($1 = 0.9501 euros)

($1 = 0.9501 欧元)

(Reporting by Nell Mackenzie; Editing by Amanda Cooper and Mark Potter)

（nell mackenzie 报道；amanda cooper 和 mark potter 编辑）