EUROZONE CRISIS: Italian bank shares DIVE as investors dump shares ahead of referendum

Friday, December 2, 2016
By Paul Martin

THE Italian referendum has seen fearful investors dump shares in Italian banks during Friday trading, which could end up with Rome in chaos and Italy in financial crisis.

Fri, Dec 2, 2016

The country’s oldest lender Monte Dei Pasche saw stocks plummet by more than one per cent, while the country’s biggest bank UniCredit was also trading in the red.

At the same time, Italy’s top stock market the FTSE MIB was down by almost one per cent – the index has already lost around 20 per cent of its value this year.

Stock markets across Europe were also nursing losses, amid worries the Italian vote over constitutional reform will send shock waves through the eurozone’s financial system.

Germany’s DAX and France’s CAC were both down by around 1.5 per cent.

The Rest…HERE

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