Italian banks slide 20% from mid-April peak amid renewed budget tensions

  • Reuters
  • Stock Market News
Italian banks slide 20% from mid-April peak amid renewed budget tensions
Credit: © Reuters.

LONDON, May 23 (Reuters) - Italian banks index .FTIT8300 has slipped 20% from mid-April peak, confirming that the battered sector is in bear market, amid renewed worries about a showdown between Rome and Brussels over the euro-zone's No. 3 economy's budget.

The sharp slide over the last few weeks has come even as regulatory data showed funds have reduced their bearish bets on the battered sector in recent months.

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