Bank shares plunged in a tumbling Milan stock exchange Monday amid generally flat European markets after the end of Iran sanctions brought crude oil prices down further and ahead of China GDP numbers out Tuesday.
Shares in troubled Monte dei Paschi di Siena (MPS) suspended after losing as much as 7.74% as the FTSE Mib index shed 2.22% to 18,772 points.
Carige, Bper, Ubi and Banco Popolare also fell amid speculation of delays in setting up so-called bank banks to take over toxic loans.
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