Influential Italian Central Banker Investigated In Bank Collapse

An influential Italian central banker is under investigation in a case surrounding the collapse and subsequent sale of an Italian bank that lawyers charge might not have been appropriately managed.

Central banker accused of corruption and fraud

Reuters is reporting that Bank of Italy Governor Ignazio Visco is being investigated regarding the downfall of  Banca Popolare di Spoleto (BPS) amid charges that even putting the BPS under special administration was wrong, as it relied solely on the advice of the Bank of Italy. The investigation involves accusations of corruption and fraud, according to a (English translation) or...