Monte dei Paschi shares suspended after 23% fall

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Monte dei Paschi shares suspended after 23% fall
http://ichef-1.bbci.co.uk/news/660/cpsprodpb/163F8/production/_92082119_gettyimages-160319469.jpg

Shares in Italian bank Monte dei Paschi have been temporarily suspended from trading after plummeting 23%.

It came after the ailing lender published a make-or-break turnaround plan which initially caused the stock to rally by up to 26.5%. 

Italy's third-largest bank said it would write down bad loans, lay off one in 10 of its workers and raise €5bn (£4.4bn).

#### "This story has gotten no attention by the main stream media. Also Deutsche Bank's quarterly earnings are coming out tomorrow and should be horrible. It feels like we are very close to a huge economic event and don't believe the elite can keep this propped up for much longer. Get prepared folks there's not a lot of time left to do so."

http://www.bbc.com/news/business-37763542
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