“Italian banks fell sharply yesterday, dragging the sector as a whole down with them. The Italian government announced a number of measures, including the introduction of a one-off 40% tax on banking institutions that profited excessively from the rise in interest rates… The markets were taken by surprise, because after months of speculation, it seemed that the idea of taxing banks had been abandoned for good.”
For the full commentary (in french) by Christina Carlsten, analyst and fund manager, published in allnews, click here.