– Italian Banks Crash Despite ‘All Clear’ From EU Stress Tests:
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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Tags: Banking, Economy, Global News, Italy
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