South Korea's Financial Supervisory Service discovers suspected illegal stock short selling at nine out of 14 largest global banks.

South Korea's financial regulator has discovered suspected cases of illegal stock short selling at five more global banks, bringing the total to nine out of 14 largest global banks in the country. The Financial Supervisory Service (FSS) has been investigating all 14 global banks after detecting illegitimate activities at two banks in January. The FSS is currently imposing a temporary ban on stock short selling, which is set to expire at the end of June.