Home » General World News » Monte dei Paschi shares are swinging wildly as the bank’s bailout crisis comes to a head

Monte dei Paschi shares are swinging wildly as the bank’s bailout crisis comes to a head





Screen Shot 2016 12 22 at 08.46.26

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 >>>

Source:: BusinessInsider.Com

Comments are closed.