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This article was published on 18 January 2016 at 18:16.
The last change is the January 18, 2016 at 18:46.
The storm on the stock MPS is the subject of the attention of the Consob, which is doing a ‘monitoring of MPS and the other banks. ” This was stated by the President of the Commission, Giuseppe Vegas, who commented on the Authority’s decision to suspend tomorrow for short selling on the stock. When asked if there are foreign hands on the title says, “There are Italian and foreign hands, we will see at the end of the day who will have sold.”
The fact today Consob has decided to temporarily ban short-selling the title, back from another day of fire (-14.7%). The ban – means a statement issued by the Italian Stock Exchange for the Commission – it entered into force immediately and will last for the whole session on Tuesday. It was adopted in view of the price change recorded today entitled, above the threshold of 10 percent.
Some traders linked the general decline in bank stocks to increased attention to the issue of ECB loans (as announced Saturday by Il Sole 24 Ore), which would cover in particular how banks where Italian is the highest amount of suffering. “If the regulator will use a heavy hand to the institutions may be required to make additional provisions or capital increases,” says a trader.
In the next few days will start inspections at European level aimed at verifying the details portfolios of problem loans and the EXISTING of adequate coverage. All this in the absence of news on the decisive question of bad bank system, the subject of debate between the government and italano Brussels. Heavy losses today on the secondary market for the subordinated bonds of Mps. “The decline of heavy subordinates goes hand in hand with the decline dell’azionario; seniors, who also widen, are quieter “confirms a bond trader. “The market liquidity is very low: there is, as usual, some of the retail sales and there is also something by institutional, but must say that the real flows there are very few,” he warns.
YTD actions Mps have suffered a decline after the other, for a total of 38%. Now the stock market value of the institute is only 2.2 billion, a level far removed from the capital increase of 3 billion realized only last June. Volumes were impressive: have changed hands more than 121 million shares, representing 4% of the capital. “It’s an escape from the title, even by big investors,” said another trader. The institute would be at the center of Siena a speculative attack, in the panic selling . Investors also are questioning the accounts of 2015. Numbers that the Board of Directors of Rocca Salimbeni will be called upon to consider the next 5 February.
The screwing of Monte Paschi sparked sales of the entire system Italian banks: Banco Popular as he left the parterre 6.7%, 8.7% and Bper BPM 5.5%. If Intesa Sanpaolo recorded a fall of 5%, Ubi went down 7.28% and Unicredit 5,37%.
However, investors said an operator, are putting under pressure the entire banking sector, especially in light of the fact that the Bank of Italy recently released data on bad loans, which in November have broken portion 200 billion euro. Operators, cited among the reasons for nervousness that are the background in this rain of sales on the stock exchange also the confrontation between the prime minister and the president of the Commission Renzi, Junker, on EU policies, which has taken a turn totally unexpected until a few days ago.
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