Friday, January 1, 2016

“Etruria, 4,500 investors lost money” – the newspaper

More than 4,500 investors who lost their investments in the cauldron of the rescue of Banca Etruria. But not everyone will hope for the reimbursement of the solidarity fund allocated by the government, who wanted to pay only a fraction of bondholders, those most exposed to the heritage and that likely have been cheated in the sale of securities.

the so-called “borderline cases” that the institute Arezzo, warns the president of the four new banks Roberto Nicastro, amount to approximately 680 positions. These are holders of bonds and shares that with the failure we have brought “more than 50 percent of its assets”, for a total of 17 million euro. Figure, warns the number one of the four “good bank”, “should completely fall in 100 million arranged by government fund.” Unfortunately for others thousand bondholders of Etruria as losses are in “a middle band ‘and 3 thousand who” have lost between one and 29 percent. ” Moreover, the new bank, precise Nicastro, “can only act in this direction”, or streamlining the operation compensation “with a task force committed to working quickly to prepare the necessary paperwork to facilitate the work of the liquidator of the old Banca Etruria , based on the background of the government. “

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