Milan bourse plunges 2.4% as bank stocks (2)

(ANSA) - Milan, September 30 - The Milan bourse plunged 2.4% Friday as banking stocks took a beating across Europe after some hedge funds pulled billions of dollars in derivatives from Deutsche Bank amid concerns about its stability and their exposure.
    By 10 a.m. the bellwether FTSE-MIB index had dropped below the psychologically important 16,000-point threshold, to 15,960 points. Several banks were suspended for excessive volatility after dropping too far, including UniCredit, BPM, Unipol and Banco Bopolare.
    UBI and Intesa were both down 4.6% and Bper 4.5%.