Italy proposed a bank tax to help people with interest rate hikes. The move sent stocks plunging
UniCredit shares closed down nearly 6%, Intesa Sanpaolo fell more than 8.5%, Banco BPM dropped 9%, and BPER and Banca MPS both plummeted almost 11%
Credit Suisse shares soar after central bank aid announced
Credit Suisse said Thursday that it would exercise an option to borrow up to 50 billion francs ($53.7 billion) from the Swiss National Bank