Tuesday, May 10, 2016

Stock exchange, banks down again: sheer Banco Popolare – The Messenger


 Increase in capital and non-performing loans. Words that burn now at Piazza Affari. And the confirmation is by yet suduta sales for the sector. It is in fact open another hot week for the banking sector at the Milan Stock, already under pressure in recent sessions on concerns related to insufficient resources considered the fund Atlas supporting the claim, including capital injections and loans, but also for decree on debt collection as too “light” from the market. To set the tone to sales was Banco Popolare, ended up in the volatility auction after losing more than 9%.
 One game after the debacle of the institute CEO’s words, Pier Francesco Saviotti, on the sidelines of the annual report Consob. The capital increase of one billion tied to the merger with BPM, said the CEO, will in all probability “one shot”, all with the right to current shareholders option. So they will pay the current shareholders, whether this will be the chosen line tomorrow by the board. While obviously the market was hoping that there were new investors ready to come in. ” A wheel are penalized by BPM titles (-7%), MPS (-6.7%), Bper (-4.38%), Ubi (-3.45%) and Unicredit (-2%).

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 05/09/2016 17:41:39

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