Rain of sales on Bpm, which around 17 loses more than 13% on the stock exchange, at 0,3007 rue per share. During the morning, the stock had been suspended due to excessive downside.
The intervention by was not enough to reassure investors on the title of the institute in Piazza Meda Philip Announced, chairman of the Supervisory Board of the Bank, who defined "comforting" the first data on the capital increase in progresswhile acknowledging that the operation is taking place in a particularly difficult macroeconomic environment.
According to some analysts, today's stock market crash is linked to the fact that the new shares deriving from the capital increase will only be assigned on November 21st, but it is possible to trade them as early as today. Moody's decision to cut the rating of covered bonds from 4,1 billion euro from Aaa to A1 also weighs heavily.
