European banks suffer as regulators ban Monte dei Paschi short-selling

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Troubled bank: Monte dei Paschi di Siena

Investors are fleeing European banks once again, as European authorities struggle to find a solution to the rapid deterioration of Italian bank Monte dei Paschi di Siena.

Bank stocks across the European Union were hit today (July 6), adding to sizeable drops in bank share prices since the UK voted to leave the EU on June 23.

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Among large EU-domiciled banks, only HSBC has seen its share price rise since the vote, by 2.3%. It and Standard Chartered have benefited from large operations

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