Italian stocks slump 2.5%, reverse past gains
Declines led by banks with Unicredit down 5.2%, Ubi 5.1%19 August, 18:13
The declines were led by banking stocks, with Unicredit and Ubi losing 5.2% and 5.1% respectively. Banca Popolare di Milano fell 4.6%, while Banco Popolare dropped 4.5% and Banca Intesa fell 4.1%. Mediobanca, Italy's largest investment bank, meanwhile slumped 3.9%.