Sign in to follow this  
Followers 0
Trajan

Italy's UniCredit shares SUSPENDED as banking crisis grows

2 posts in this topic

Italy's UniCredit shares SUSPENDED as banking crisis grows

Quote

SHARES in Italian lender UniCredit were suspended this morning amid rising fears the country's banking crisis could tip Europe over the edge.

Investors rushed to dump UniCredit stock after stress tests issued Friday prompted worries over the firm's stability in a downturn.

The selling frenzy triggered a temporary trading freeze before leaving the firm's share price nursing losses of five per cent.

Italy's oldest bank Monte dei Paschi di Siena (MPS) came out as the weakest firm in the European stress tests, which are designed to show how banks would weather a severe economic crash.

Saddled with billions of pounds worth of bad loans, the lender is now relying on a €5billion bailout to save it and stop a crisis that threatens to blow up Europe's financial system.

...

 

Share this post


Link to post
Share on other sites

banks shares have been going up and down like a yoyo all week with shares being temporarily suspended because of shares (of various banks) going up or down too much  MPS shares today were up.so go figure

 

I love all this doom predicted by the UK press they have been predicting the demise of the Euro etc for donkeys maybe it makes them feel better mind you Lloyd just scraped through and RBS didn't come out smelling of roses either 

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0