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by TheaGood
on 25/10/16
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After a furious rally in the past week on hopes that Italy's oldest, and most insolvent, bank, Siena's Monte Paschi has turned the corner and would return to profitability while outside investors would finally help it in its seemingly endless quest to find $5 billion in outside capital, today BMPS shares plunged after first opening limit up in what can only be characterized as a roller coast market.
http://www.zerohedge.com/news/2016-10-25/monte-paschi-plunges-much-39-debt-equity-fears-after-surging-past-week