Capital crunch scare wipes 40 billion euros from Italian banks - Dealers Care

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Thursday, 1 November 2018

Capital crunch scare wipes 40 billion euros from Italian banks

By Danilo Masoni MILAN (Reuters) - Italian banks have lost nearly 40 billion euros ($45 billion) of market capitalisation since May, with small and mid-sized lenders worst-hit by a sell-off on concerns that Rome's budget crisis will lead to a capital crunch in the third-largest euro zone economy.

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