Prices on Italy's main
financial market tumbled Monday after share values of MPS and
other major banks plunged in what analysts said was a frenzy of
speculation.
The FTSE Mib fell by 2.8% to close at 18.078 points.
Shares in troubled Monte dei Paschi di Siena bank fell by as
much as 8% while shares in Intesa SanPaolo and UniCredit lost
more than 4%.
Among the few companies showing an increase in share price
were Tod's, up 1.5%, and Fiat Chrysler Automobiles, which rose
0.55% while Saipem was up by 1.16%.
On Friday, the European Central Bank (ECB) gave MPS
preliminary approval for its capital plan amid media reports of
Chinese interest in investing in the Tuscan bank.
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