The Governor of the Bank of Italy , Ignazio Visco , is under investigation , as part of a probe into the takeover and subsequent sale of Banca Popolare di Spoleto ( BPS ) , say reports . The Bank of Italy had requested that bank be put under administration following a thorough inspection that found serious irregularities and capital losses ; the Bank of Italy then picked bank di ##ario e della Brianza to take BPS over by buying a majority stake , however , as a result of the takover , the original shareholders in BPS , who owned 51 % of the bank , saw their holding reduced to 10 % . The shareholders also blame the Bank of Italy for refusing a better offer from another bank .
The Governor of the Bank of Italy, Ignazio Visco, is under investigation, as part of a probe into the collapse and subsequent sale of Banca Popolare di Spoleto (BPS), say reports. The Bank of Italy had requested that BPS be put under administration following a 2012 inspection that found serious irregularities and capital losses; the Bank of Italy then picked Banco di Desio e della Brianza to take BPS over by buying a majority stake, however, as a result of the takover, the original shareholders in BPS, who owned 51% of the bank, saw their holding reduced to 10%. The shareholders also blame the Bank of Italy for refusing a better offer from another bidder.