LONDON, May 23 (Reuters) - Italian banks index .FTIT8300
has slipped 20% from mid-April peak, confirming that the
battered sector is in bear market, amid renewed worries about a
showdown between Rome and Brussels over the euro-zone's No. 3
economy's budget.
The sharp slide over the last few weeks has come even as
regulatory data showed funds have reduced their bearish bets on
the battered sector in recent months.