BPER bank on Thursday bought Nuova
CariFerrara for a nominal one euro, completing the purchases of
four 'good banks' left over from a government wind-down of their
previously insolvent versions.
UBI bank bought the other three: Nuova Banca Marche, Nuova
Banca Etruria and Nuova CariChieti.
The four banks' collapse in late 2015 left bondholders
holding worthless paper.
One bondholder killed himself after losing his life savings.
Many are still awaiting compensation.
photo: BPER CEO Alessandro Vandelli
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