Italian Banks Crash Despite ‘All Clear’ From EU Stress Tests
by Tyler Durden
ZeroHedge.com
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%).
The Rest…HERE