Italian government softens shock bank windfall tax in bid to calm market turmoil

Belgique Nouvelles Nouvelles

Italian government softens shock bank windfall tax in bid to calm market turmoil
Belgique Dernières Nouvelles,Belgique Actualités

The country’s biggest lenders are scrambling to claw back gains after a detrimental day of trade on Tuesday

The Italian government backtracked on part of its new windfall tax on banks, saying it would introduce a cap to limit the impact for many lenders as it tries to calm a market rout that wiped out $10 billion from the banks’ market value.

It comes as the country’s biggest lenders are scrambling to claw back gains after a detrimental day of trade on Tuesday.

 

Belgique Dernières Nouvelles, Belgique Actualités

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