Monte dei Paschi’s shares plummet in wake of ECB results

The Bank of Italy

Italian banks were among the biggest losers when the European Central Bank (ECB) announced the results of its year-long health check at the weekend, with the country's third-largest bank, Monte dei Paschi di Siena (MPS), suffering in particular.

On Sunday, the ECB revealed 25 lenders had failed at least one stage of the comprehensive assessment, meaning they recorded a capital shortfall in either the asset quality review (AQR) or stress tests. Nine of these were Italian banks.

Thirteen lenders w

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