Markets

Shares in Italy's biggest banks dive after Brexit vote

Published June 24, 2016 Updated June 24, 2016 03:22pm

1 min

By Fawad Maqsood

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MILAN: Shares in Italy's two biggest banks, UniCredit and Intesa SanPaolo, tumbled more than 20 percent at the open on Friday after Britain voted to leave the European Union.

UniCredit hit an all-time low of 2.052 euros, down almost 25 percent.

Both UniCredit and Intesa shares were later suspended temporarily from trade.

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