Italian Banks Crash Despite ‘All Clear’ From EU Stress Tests

Monday, August 1, 2016
By Paul Martin

by Tyler Durden
Aug 1, 2016

For a few minutes at the open, mainstream business media persuaded itself that the EU stress tests had proved that everything was fine in Europe’s banking system again. But very quickly, things went south with Italian banks – the center of the storm – reversing gains and then extending losses with Unicredit now down 8% (after being up 4%).

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