MILAN- On Monday, Governor Ignazio Visco told a daily in an interview that the Bank of Italy has “positively” accomplished supervision duties. It is ready to account for action upon failing lender Banca Popolare di Bari.
Prosecutors in the Southern Italian town of Bari are in the midst of investigations over the Popolare di Bari’s former chairman’s alleged corruption in the case of the supervisory activity of the central bank over failing local lender.
In early December, Rome had approved emergency decree with a lifeline of upto 900 million euros to unlisted cooperative bank.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.