‘Soap opera’ politics buffet Italian banks

Bill Thornhill,

Tyler Davies

May 17, 2018 07:00 PM

Di_Maio_PA_FIG_230x150 — Luigi Di Maio, Leader of 5-Star Movement (M5S) leaves the parliament after a new day of meetings for the formation of the new government on May 10, 2018 in Rome, Italy. Today Lega leader Matteo Salvini and 5-Star Movement (M5S) leader Luigi Di Maio said that they were making progress in talks on the formation of a new government after a meeting at the Lower House. 'Significant steps forward have been made on the composition of the executive and the premier in view of a constructive collaboration between the parties with the aim of deciding everything in a short period of time to give a response and a political government to the country as soon as possible,' a joint statement said on May 10, 2018 in Rome, Italy. (Photo by Andrea Ronchini/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

Italian bank debt was in the firing line this week, after investors became fearful of the country’s political situation for the first time since the election in March.

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Topics

Italy Monte dei Paschi Intesa Sanpaolo Europe UniCredit EMEA FIG

BT

Bill Thornhill

TD

Tyler Davies