The problems involving retail
investors of four Italian banks that had to be rescued by the
government are acute but contained, the chairman of the banks
Roberto Nicastro said on Tuesday.
Premier Matteo Renzi's government stepped in to save Banca
Marche, Banca Etruria, CariChieti and CariFe at the end of
November, using financing from Italy's healthier banks.
Nicastro said authorities were dealing with "about a
thousand very delicate cases" which were being paid close
attention.
"It is an acute phenomenon that is luckily much more
contained," he said, pointing to previous concerns of a more
widespread issue.
Criticism continued on Tuesday of the government's
intervention, which saw many bondholders bereft of their
life-savings, one of whom committed suicide.
Left-leaning MP Pier Luigi Bersani from Renzi's Democratic
Party called for more legislation to defend citizens from
"market excesses".
Renato Brunetta, the Lower House whip for Silvio
Berlusconi's Forza Italia party, said Tuesday that the
opposition centre-right parties will present a motion of
no-confidence in Renzi's government on Wednesday.
Matteo Salvini, leader of the Northern League, said his
party was also preparing to present a motion of no-confidence in
Renzi.
Meanwhile a former member of the executive board of Banca
Etruria, Rossano Soldini, told La Repubblica daily that he
remembered attending board meetings where everything was already
decided.
"I thought I would be able to contribute with my experience
as a businessman, but I was just a pencil pusher. Me and the
large part of the executive board," he said.
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