Share

FIRSTonline Banner

Banca Marche: Rainer Masera resigns as president, receivership in sight

The impossibility of implementing the capital increase to relaunch the bank in the short term led former minister Rainer Masera to resign from the presidency of Banca Marche – Via Nazionale is now in sight of the receivership – The arrival of the consortium of local entrepreneurs – Pietro Alessandrini has also resigned from the board of directors

Banca Marche: Rainer Masera resigns as president, receivership in sight

Rainer Masera throws in the towel after only three months and leaves the presidency of Banca Marche faced with the impossibility of accelerating and implementing the 600 million recapitalization through the entry into the capital of a consortium of local entrepreneurs led by Francesco Merloni.

In the evening, the economist Pietro Alessandrini, full professor of monetary policy at the Polytechnic University of the Marche, also resigned from the board of directors.

At this point, faced with the difficulty of the local consortium, the Bank of Italy which had decided to entrust the bank to temporary management is preparing to resort to strong maneuvers by placing Banca Marche in the red for the first time last year after a long series of positive balance sheets. The inspection of Via Nazionale revealed criticalities of the institution linked above all to suffering and soured credits granted by the old Bianconi management to builders trvaolti by the crisis of the real estate market.

The decisions of the Bank of Italy are expected shortly

comments