The top management of BPM flaunt calm in view of the meeting appointment on Saturday 25th and exclude that there could be strong jolts on the delicate issue of proxies. The president of the institute, Massimo Ponzellini, has ruled out his resignation in the event of a rejection of the board's proposal for an increase in delegations, from three to five. The unions within the bank are against this increase.
BPM, Ponzellini confident on the outcome of the board meeting
The president of the Milanese institute rejects the idea of resigning in the case of proxies. The BPM board meets on Saturday.
FIRSTonline editorial team
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