Italian banks remain in focus for investors. Trading in shares of Banca Monte dei Paschi di Siena was halted during Tuesday's session after the European Central Bank asked BMPS to slash its bad debts by over 40 percent in three years, Reuters reported.
Late on Tuesday, market
watchdog Consob said short selling of BMPS shares would be banned in
Wednesday's trading session, Reuters added.
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Europe seen lower as fears send stocks, pound tumbling
I'm not sure the status of this bank. Is it one of those too big to fail banks in Italy? Being told to slash your debts by 40% in 3 years is going to be a pretty big task for the bank.
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