Banca Marche

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Banca Marche

Post by Angela Fuller on Fri Jul 26, 2013 1:27 pm

Somebody on FB has just posted a link to the 'Bepe Grillo' blogsite which says that Banca Marche is in some sort of trouble.  Can anyone throw any more light on this please.......We depend on Banca Marche for receiving a monthly transfer of funds from our UK bank from which we have to live and pay our mortgage by DD. Any advice would be greatfully appreciated.
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Angela Fuller
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Re: Banca Marche

Post by Gala Placidia on Fri Jul 26, 2013 2:16 pm

This article may give you some idea of what is going on
http://mobile.reuters.com/article/idUSL6N0FV2T020130725?irpc=932
 It looks very similar to the situation through which some of the Spanish banking institutions had to endure some months ago. Most of those affected were also smaller regional savings banks. They were rescued, but investors with "preferential" shares had to endure losses. It did not affect people who only had ordinary bank accounts. 
There are a few articles about Grillo and his "grillini". As usual, they raise criticism and suggest no solutions...
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