MILAN Jan 7 Italian listed banks rallied at the
open on Monday on news that global regulators had given lenders
four more years and greater flexibility to build cash buffers, a
move that should allow banks to inject more money into Italy's
Italy's biggest bank UniCredit was up 3.4 percent
at 0707 GMT with peer IntesaSanpaolo up 2.8 percent.
Struggling Banca Monte dei Paschi di Siena was
suspended limit up after jumping 6 percent in early trading.
"The fact that regulators eased the liquidity cover ratio is
very positive for banks in general. They will have more
liquidity to play with," said Alberto Gallo, an analyst with
Royal Bank of Scotland. "I expect the rally to continue."