(Bloomberg) -- BFF Bank SpA’s shares plunged the most on record on Friday after a Bank of Italy probe led it to suspend payouts and review the finance firm’s...
-- BFF Bank SpA’s shares plunged the most on record on Friday after a Bank of Italy probe led it to suspend payouts and review the finance firm’s governance.Marjorie Taylor Greene Finally Got What She Deserved: Defeat
Analysts at Bank of America cut the bank to neutral, Equita downgraded it to hold, while Banca Akros suspended its recommendation pending details on the effects that the central bank report may have on the company financials. The possible increase in BFF’s RWA and prudential calendar provisioning won’t result in a “material change” to the bank’s economic and financial outlook, the firm said in a conference call held on Thursday.
The bank doesn’t see a change in its dividend policy nor in its profitability due to the probe, Belingheri said. It will respond to the probe findings with its assessments in July.The Company Preaching America’s Nuclear RevivalHK Court Sides With Creditors in Closely Watched Keepwell Case OTTAWA -The Canadian financial system remains resilient but the continuing adjustment to higher rates and possible shocks present key risks to stability, Bank of Canada Governor Tiff Macklem said on Thursday. Interest rates are at a 23-year high and the bank said it was watching the ability of institutions and households to service debts as well as monitoring the valuation of some assets, which appear to have become stretched.
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