From c5457b36d6ce4a1a64f983d2a9f7b5a2d3bb5f42 Mon Sep 17 00:00:00 2001
From: verymeticulous <verymeticulous@protonmail.com>
Date: Tue, 8 Jun 2021 08:07:21 -0400
Subject: [PATCH] Create
 2021-06-07-Citigroup-Goldman-Sachs-and-BofA-Restrict-Shorting-on-GME.md

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+Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg
+=====================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+| [u/strong-ape-bro](https://www.reddit.com/u/strong-ape-bro/) posted by [u/Lucky2240](https://www.reddit.com/user/Lucky2240/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nui12c/citigroup_goldman_sachs_bofa_restrict_shorting_on/) | 
+
+---
+
+[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
+
+Posting this for [u/strong-ape-bro](https://www.reddit.com/u/strong-ape-bro/) due to lack of karma. All credit to him! Edit: added screenshots
+
+[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c)](https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c)
+
+His thoughts:
+
+" Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg
+
+This is freaking huge.
+
+3 of the biggest prime brokers are pulling the plug on 1) shorting GME and 2) increased collateral requirements.
+
+Bloomberg article: <https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks>
+
+[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe)](https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe)
+
+[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c)](https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c)
+
+For those unaware:
+
+1.  [Bank of America is the prime broker for 96% of Citadel's "activities"](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/).
+
+2.  BofA recently terminated analyst coverage of GME.
+
+3.  On June 4, BofA also restricted short positions on GME and increased collateral requirements for existing positions.
+
+4.  Citigroup, Goldman Sachs did the same.