Central Banking

Bank of Italy slaps down investigation story

The Bank of Italy issued its second official statement since the transcripts of Governor Fazio's conversations were leaked to the media; this time, a one-line response to an article in the Corriere della Serra, an Italian daily.

The article alleged that Fazio had requested an investigation into the two central bank officials who advised against allowing the Banco Popolare Italiana's bid for Banca Antonveneta. Their opinion later ended up in the hands of prosecutors, who were investigating BPI'

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