Monte dei Paschi shares are swinging wildly as the bank’s bailout crisis comes to a head
|12/22/2016||Posted by BusinessMediaguide.Com under General World News||
Shares in Banca Monte dei Paschi di Siena are swinging wildly in morning trade on Thursday as the ongoing crisis at the bank finally starts to come to a head, just before the Christmas break.
The bank’s stock plunged by almost 9% as the markets opened for the day causing them to be briefly halted after reaching the so-called “limit down” — the point where stocks are electronically halted when they move too far either up or down — before fighting back and coming close to where they started the day. The stock has since dropped again, and as of 8.45 read more >>>