ROME (AP) Italian bank stocks plunged Tuesday after the Cabinet approved a proposal to apply a 40% tax on some bank profits this year to help consumers and businesses cope with higher borrowing costs. Transport Minister Matteo Salvini announced the tax at a Monday evening press conference, saying it was a measure of “social […]
Italian bank stocks plunged on Tuesday after the Cabinet approved a proposal to apply a 40 per cent tax on some bank profits this year to help consumers and businesses cope with higher borrowing costs. Transport Minister Matteo Salvini announced.
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