- Reuters•26 days ago
Italy is preparing to protect its banks from a destabilising share sell-off following last week's Brexit vote, sources told Reuters on Monday. Shares in Italy's two biggest banks, UniCredit and Intesa Sanpaolo, fell by 8 percent and more than 10 percent respectively on Monday, in the wake of more than 20 percent falls on Friday after Britain voted to quit the EU. A government source said Prime Minister Matteo Renzi would ask German Chancellor Angela Merkel to back more flexibility from the EU regarding Italy's public spending and rules on state aid for banks at a meeting in Berlin on Monday.
- Reuters•27 days ago
Italy is readying a plan to steady its banking sector, a vulnerable target for sellers after Britain's vote to leave the European Union raised fears of a market rout in the euro zone's weaker economies, local newspapers said on Monday.
Banco Popolare Societa Cooperativa ScarlMilan
|52wk Range||1.76 - 12.17|
|Day's Range||2.41 - 2.46|
|Avg Vol (3m)||16,217,052|
As of 11:35 AM EDT. Market closed.