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SPO - Banca Popolare Di Spoleto SpA News Story

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Last Trade - 18/09/13

Sector
Financials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £130.4m
Position in Universe th / 721

Prosecutors want investigation into Bank of Italy governor shelved

Mon 15th February, 2016 4:38pm
MILAN/ROME, Feb 15 (Reuters) - Italian prosecutors 
investigating Bank of Italy Governor Ignazio Visco over the 
collapse and sale of Banca Popolare di Spoleto (BPS)  BPSP.MI  
have asked for the case to be shelved, a lawyer representing the 
complainants said. 
    Riziero Angeletti, a lawyer representing around 100 minority 
shareholders in BPS who had filed a complaint against the 
central bank, told Reuters on Monday that the prosecutors had 
notified him that they wanted the probe to be shelved.  
    A Bank of Italy source confirmed the prosecutors' request, 
which must now be ruled upon by a judge. The prosecutors did not 
respond to an email seeking comment.  
    The Bank of Italy had requested that BPS be put under 
special administration in February 2013 after an inspection the 
previous year found serious irregularities and large capital 
losses at the small, local lender. 
    The central bank picked another small Italian bank, Banco di 
Desio e della Brianza  DESI.MI , to take over BPS through a 
share issue reserved for Banca Desio, which now owns 81.7 
percent of BPS.  
    The operation drastically reduced the value of other stakes 
in BPS, and minority shareholders represented by Angeletti took 
their case to the prosecutors.  urn:newsml:reuters.com:*:nL8N12K1H2 
 
 (Reporting by Ilaria Polleschi and Stefano Bernabei; writing by 
Francesca Landini; editing by Katharine Houreld) 
 ((francesca.landini@thomsonreuters.com; +39 02 66129437; 
Reuters Messaging: reutersitaly.thomsonreuters@reuters.net)) 
 
Keywords: BANKOFITALYPROBE SPOLETO/
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