Italy market watchdog bans short selling on Monte Paschi shares
Reuters
Published Oct 27, 2014 08:37AM ET
Updated Oct 27, 2014 08:50AM ET
Italy market watchdog bans short selling on Monte Paschi shares
MILAN (Reuters) - Italy's Consob has banned short selling on Monte dei Paschi's shares on Monday and Tuesday, the Italian market regulator said in a statement.
Shares in Italy's third biggest bank lost more than 17 percent on Monday after results from a pan-European health check of lenders showed on Sunday that Monte dei Paschi faced a capital shortfall of 2.1 billion euros - the biggest gap among the 130 lenders under scrutiny.
(Reporting by Francesca Landini, editing by Valentina Za)
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