Loading ...I wonder if anything will ever matter again to markets–The DAX is, again, up 24 its as I write despite the action in Italy today
Monte Paschi Stock, Bonds Collapse After ECB Rejection
by Tyler Durden
Dec 9, 2016 9:46 AM
Having soared ridiculously (25% off Tuesday lows) following its dip after the Italy referendum ‘no’ vote, ailing Italian lender Monte dei Paschi di Siena has seen its stocks and bonds eviscerated in today’s trading as reality dawns that the fecal matter in Italy is about to strike the rotating object. ECB’s rejection of Paschi’s request for more time has sparked wholesale selling across the Italian banking system.