The Bank of England is not a publicly traded corporation, so it cannot be shorted at all. It is the central bank of the United Kingdom, which functions very much like the Federal Reserve in the United States.
George Soros bet the Bank of England would have to raise interest rates by sellings short several billion pounds. When the Bank of England succumbed to reality and devalued the pound, Soros profited about 10%.
He and other serious investors profit from being rational when everyone else is doing dumb things. The idea that banks are doing dumb things today should not come as a surprise and should not be much of a hard sell.
George Soros bet the Bank of England would have to raise interest rates by sellings short several billion pounds. When the Bank of England succumbed to reality and devalued the pound, Soros profited about 10%.
He and other serious investors profit from being rational when everyone else is doing dumb things. The idea that banks are doing dumb things today should not come as a surprise and should not be much of a hard sell.