Cantone to be arbitrate over saved banks (3)

Case of four rescued banks rocks government

(ANSA) - Rome, December 17 - Premier Matteo Renzi announced Thursday that the Italian anti-corruption agency headed by Raffaele Cantone will handle the arbitration of cases concerning investors left with worthless bonds in four Italian banks recently rescued by a government decree. The government and Reform Minister Maria Elena Boschi, whose father was vice president of one of the banks, face confidence motions over the case. Many small investors seem to have been deceived by their banks about the risks linked to the bonds. "In the next few hours we'll do everything possible to ensure that those who were cheated can have the money," Renzi told Mediaset television.


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