Neither Spanish nor Monte dei Paschi investors like Banco Santander's capital increase. On the Madrid Stock Exchange, after the announcement of the 7,5 billion euro recapitalization, officially to relaunch the dividend policy, the Banco Santander share immediately collapses by 10% at the opening session, dragging the Iberian stock market to a heavy loss (over 2%).
Doesn't react better, in Piazza Affari, the Mps title. According to rumors, the capital increase of the Spanish institute should have been used above all to attempt the acquisition of the Tuscan bank, but the denial from Madrid crushed investor confidence: the MPS share lost 5% at the start (later reduced to -4% around 10), after yesterday's indiscretion had caused Monte dei Paschi shares to fly by more than 12%. The other banks in the Milanese list were also bad: Unicredit, Banco Popolare, Intesa Sanpaolo and Mediobanca also fell by more than 2%.
