Italy’s bank reportedly takes a ‘Roman Holiday’ leaving depositors holding the bag

BNI depositors are unable to make withdrawals or payments after the Bank of Italy authorized the suspension of payments by Bank Network Investments SpA without communicating anything to the depositors. They took this action without even considering the the effect on the depositors, a "very serious and unacceptable" action according to Peter Jordan, Secretary General Adiconsum.

June 11, 2012
The Extinct Protocol

June 11, 2012 – ITALY - BNI depositors are unable to make withdrawals / payments, payments of utility bills, mortgage payments, taxes says Peter Giordano, Adiconsum: “Grave of the Bank of Italy’s attitude that takes action without considering the impact on depositors, and especially on single-income families and pensioners.” Adiconsum Bank of Italy asks for an urgent meeting and the lifting of the moratorium. The Bank of Italy authorized the suspension of payments by Bank Network Investments SpA (BNI) without communicating anything to the depositors. Very serious and unacceptable – says Peter Jordan, Secretary General Adiconsum – the attitude of the Bank of Italy SpA in each BNI, because highly prejudicial to the interests of customers. Bank of Italy, in fact, after extending the receivership of the bank, thus giving the impression of an imminent rescue, then gave the green light for compulsory winding up, without giving any prior notice to the depositors, leaving them in no condition to perform any type of operation, even basic ones for daily survival, such as withdrawals / payments, utilities payments, rates, taxes. We must unfortunately note that offensive measures as those adopted to customers BNI – Giordano complaint – not an isolated case. Decisions without taking into account the heavy impact, particularly on savers in possession of a single bank account on which accrediting salary or pension, are not new to Bank of Italy, and also affected depositors of Banca MB. –Google

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