- Investors react very negatively to issue shares by the Italian problem bank Monte dei Paschi rescue plan. The interest is very moderate.
Other Italian banks Monday went back on the market, as banks across Europe, now it seems that few private parties would like to buy the shares.
The Italian Poste Italiana, the state postal service with many financial activities such as banking and savings, will embarkation according to La Repubblica.
The bank has € 5 billion needed additional capital to strengthen its buffers. The bank has a lot of debt on the balance sheet which is hardly relieved.
Under European rules, the Italian government may not help out, but would first preference shareholders for the damage should pay.
Dei Paschi lost almost 8% on the stock market after opening the trade.\n \n \n advertisement
The largest Italian bank, Unicredit, went 2.5% decline. Banca Popolare di Milano lost 1.1%. London lost Barclays1,6%.
Big exception is Banca Popolare di Milano Scarl, with a scoop of 0.7%. The loss to Monte pulled across Europe related banks downstairs at the fair. Commerzbank in Frankfurt lost 1.4%, Deutsche Bank fell 2.4%, all French banks were lighter in red.
Rome has reportedly € 15 billion on the table ahead of the Monte dei Paschi and a few smaller banks. Without state aid seems to be a collapse of the banking unavoidable. This can then also endanger other banks.