Shares in Italian banks have been hitted hardly following Prime Minister Matteo Renzi's heavy defeat in Sunday's referendum.
There are fears that a period of political uncertainty will hamper efforts by Italian banks to raise fresh finance.
Shares in Monte dei Paschi, one of Italy's most troubled banks, fell 4% on fears that its rescue plan might fail.
Banca Popolare di Milano ended almost 8% lower and Banco Popolare Societa Cooperativa finished 7% lower.
Many Italian banks are struggling with a burden of bad debt and are in need of refinancing.
It was thought that a victory for the Yes camp in the referendum would have seen investors stepping in to help recapitalise the banks.
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