• Unicredit shares suspended for excessive volatility in Milan
  • Pop Milan says not in talks with Bank of Italy to delay capital increase

Those headlines, along with a threat from Finnish PM Katainen to drop out of the Greek bailout if it does not get collateral and the previous comments from Greenspan are weighing heavily on the euro.

On the US side of the pond, Bank of America is under tremendous scrutiny as CDS prices jump 10% to over 400 bp.