MILAN (Reuters) – Mps also falls today bag, trascinanado downward, in addition to his subordinate bonds, other Italian banks. An immediate ban for tomorrow and short sales, announced around 16 by Consob, the title does not offer sosegno traveling with a double-digit decline in frequent suspensions. The president CONSOB Giuseppe Vegas said that the Commission has launched an investigation. MPS returned to treat the end of the session with a decline of over 11% to 0.7930 euro just above new lows at 0.7480. Heavy all banks, including Unicredit and big INTESA SANPAOLO, down well over 4%. The FTSE lost more than 2%. A trader reconnect the general fall in banking stocks the increasing attention of the ECB to the issue of loans which would cover in particular how banks where Italian is the highest amount of suffering. “If the regulator will use a heavy hand to institutions ptrebbe be required to make new provisions or capital increases,” he said. According to the press of the weekend, in the coming days will start inspections at European level aimed at assessing in detail the portfolios of problem loans and the EXISTING of adequate coverage. All this in the absence of news on the crucial issue of bad bank system, the subject of debate between the Government italano and Brussels. Heavy losses today on the secondary market for bonds subordinated Mps. At around 17.20 the subordinated bond with MPS maturing in September 2020, 5.6% coupon, lost as many as 10 figures and a half, with yields rising more than 14% share. At the end of last week the bonds traded at a yield of about 10.7%; just a week ago it was in the area 7.5%. ” The heavy fall of subordinates goes hand in hand with the decline dell’azionario; seniors, who also widen, are quieter “confirms a bond trader. More …
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