EU state’s shock windfall tax sends bank shares plummeting ...News

Russia Today - Economy
EU state’s shock windfall tax sends bank shares plummeting
source : Russia Today ( News ) () 21
Italy has unexpectedly approved a 40% levy on lenders’ “excess” profits this year The Italian government’s announcement of a one-off windfall tax on bank profits saw the country’s financial stocks tumble on Tuesday, wiping out some €10 billion ($11 billion) from their combined market value.    Shares in Italy’s biggest bank, Intesa Sanpaolo, and Finecobank, which focuses on online brokerage, had both plunged 8% by the afternoon, while BPER Banca was 10% lower. Verona-based Banco BPM saw shares drop 9% as UniCredit sank 7%. Italy’s FTSE MIB fell 2.6%, while the Stoxx Europe 600 index declined 0.7%.    The drastic s

Hence then, the article about eu state s shock windfall tax sends bank shares plummeting was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( EU state’s shock windfall tax sends bank shares plummeting )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
HCLSoftware Tech Trends 2026: AI Autonomy Set to Transform the Self-Driving Enterprise
PR Newswire - before 8 hours & 48 minute
At India’s main energy summit, signs of a new world order without Trump
Washington Post - before 5 hours & 5 minute
Argus launches first SAF and HVO fob strait of Malacca assessments
PR Newswire - before 6 hours & 48 minute
China’s LNG Imports Rise for a Third Straight Month
OILPRICE - before 5 hours & 47 minute
DentScribe Introduces "Talk Like You Always Do" AI Voice Perio Charting: Perio Findings Convert to Treatments and Revenue
PR Newswire - before 7 hours & 53 minute
Mobile prices surge across Egypt’s local market
EGYPT INDEPENDENT - before 6 hours & 26 minute
8 money-saving tips for a cheap half-term
INDEPENDENT - before 6 hours & 2 minute
Gen Z have big retirement dreams - but are failing to plan how to pay for them
INDEPENDENT - before 5 hours & 45 minute
Should I take out an ultra-long mortgage and what are the drawbacks?
INDEPENDENT - before 6 hours & 44 minute
Juniper Research names Sinch platinum winner for RCS monetization
PR Newswire - before 5 hours & 50 minute
Venezuela Rewrites Its Oil Law to Attract Foreign Investment
OILPRICE - before 4 hours & 47 minute
Six surprising reasons your mortgage application could be rejected - and expert tips for success
INDEPENDENT - before 5 hours


Latest News

Iran Appears Unlikely to Bow to Trump’s Threats and Ultimatums

before 6 minute

£173m returned to APP fraud victims in first year of new reimbursement rules

before 47 minute

Iran Signals Defiance as Trump Escalates Rhetoric

before 48 minute

European Natural Gas Prices Surge as Winter Cold and Geopolitics Collide

before hour & 17 minute

Chevron Beats Profit Estimates as It Commits to Venezuela

before 2 hours & 14 minute

AEROCOR Surpasses 350 Aircraft Transactions While Expanding Integrated Training Model

before 2 hours & 20 minute

HMRC issues warning to taxpayers as self-assessment deadline looms

before 2 hours & 27 minute

Equifax Launches Credit Abuse Risk Model to Help Protect Lenders Against the Rising Financial Impact of First-Party Fraud

before 2 hours & 34 minute

The payments your bank doesn’t show you - and how to find and cancel them

before 2 hours & 55 minute

Trump taps Fed critic Kevin Warsh to succeed Jerome Powell as chairman

before 2 hours & 58 minute

Africa: The 99% Don't Need a Billionaires' Forum. They Need Democratic Power

before 3 hours & minute

Japan& 039;s Nikkei index falls as tech stocks sell to lock in profits

before 3 hours & 2 minute

Liquid Cooled EV Charging Cable Market worth $1.28 billion by 2032 .. MarketsandMarkets™

before 3 hours & 16 minute

Trump Picks Kevin Warsh as Fed Chair

before 3 hours & 22 minute

More than 10m people have filed tax returns as self-assessment deadline looms

before 3 hours & 23 minute