In the last week, many European banks were hit by the Tsunami from USA… Lastly Unicredit Group, a major conservative Italian Bank is under pressure. What is wrong with the market?!? Italian banks are very famous for their conservative view, as they mainly profit from retails. http://www.iht.com/articles/2008/10/01/business/01unicredit.php Why the shares of Unicredit are falling?!?!