Banca Monte Paschi di Siena (BMPS), the only Italian bank that had risen on Monday on the Milan Stock Exchange, collapsed Tuesday over 10% on concerns related to the stress tests of the European banking sector.
These tests, released Friday at the close of markets, identified the BMPS, third Italian bank, as the most vulnerable to a eventual degradation of the economic situation.
But the institution had made a few hours before a plan to divest its high volume of non-performing loans, with a further recapitalization of 5,000 million euros.
That plan was welcomed by investors and the title of BMPS, the world’s oldest bank, ended the session rising 0.58%.
But doubts on various points of this strategy they were highlighted Tuesday and from 14h15 (12h15 GMT) BMPS shares plummeted 10.26%.
also operated with heavy losses Banca Popolare dell’Emilia Romagna (-10.17%), Banco Popolare (Amsterdam: PB8.AS – news) (-6.52%), Unicredit (EUREX: DE000A163206.EX – news) (-5.84%), Banca Popolare di Milano ( Milan: PMI.MI – news) (-4.84%) and Intesa Sanpaolo (Amsterdam: IO6.AS – news) (-2.68%)
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