The Daily Shot 8.2.16

By SoberLook

Greetings,

We begin with the Eurozone where the troubled Italian bank Monte dei Paschi arranged a last-minute sale of its bad loans just as the ECB stress test results were released.

Source: Google

However, while Monte dei Paschi shares were up, other Italian/Eurozone banks, such as UniCredit, tumbled. In fact, trading in UniCredit was halted for a while due to this sharp selloff.

Source: Google

 

Source: ‏@fastFT

Why is the Monte dei Paschi rescue not received well by the banking sector investors? Here is a good summary from the WSJ.

Source: @WSJ

As a whole, Italian banks were down 5% on the day.

 

Below is a comparison of non-performing loans in the banking system for select Eurozone economies.

Continue reading at TalkMarkets →

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