May 26, 2016 / 7:21 AM / a year ago

UBI Banca leads Italian banks lower after Wednesday's rally

MILAN, May 26 (Reuters) - Shares in Italian banks fell at open on Thursday, retracing strong gains the previous day, with UBI Banca leading losses in the sector with a 4 percent drop.

Shares in Banco Popolare and UniCredit fell more than 3 percent by 0716 GMT. Europe’s banking sector lost 1.3 percent. (Reporting by Valentina Za, editing by Steve Scherer)

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