Word: fazio
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...moves amount to an earthquake for Italian banks, which are all firmly in Italian hands and have until now been able to count on the Bank of Italy to protect them from foreign takeovers. But the European Commission questioned that policy this year, putting Bank of Italy governor Antonio Fazio on the defensive. The attraction for foreigners: Italy's banking sector is highly fragmented and not very competitive, according to Credit Suisse First Boston, meaning that greater efficiencies - and profits - can be wrung out of them. Lucky Break? Frankfurt prosecutors called off a probe into six Citigroup traders accused...
...sake bombs during a Japanese dinner, Nitrell made an ass out of himself no less than 22 times before he passed out on a stranger’s couch. Sample ass-like behavior: loudly telling Timothy H. Weidand ‘04 that fellow dinner guest Sasha S. Fazio ‘05 “is ready to teabag me all night lizzong.” When Weidand informed Nitrell that he had been dating Fazio for over a year, Nitrell smoothly responded, “What? That slut...
Condit's hometown (and generally friendly) paper, the Modesto Bee, editorialized on June 8 that "five weeks of silence is enough." Condit "has a duty to publicly clarify his relationship with Levy," the paper said. During a meeting last Thursday, former Democratic Representative Vic Fazio urged Condit to answer questions from the local press...
...highest appeals panel, declared hundreds of thousands of bank loans illegally usurious and put them up for renegotiation. That included loans made before the 1996 legislation. What's more, the court said that the banks would have to repay any excess interest they had collected in the past. Antonio Fazio, governor of the Bank of Italy, warned that banks stood to lose up to $24 billion...
...which would have cost lenders only about $1.2 billion. "We will take the government to court over this," says Elio Lannutti, chairman of Adusbef, one of the most aggressive consumer groups. "Banks must give back the money, and it must be clear they broke the law." Lannutti argues that Fazio is overstating the cost of returning cash to borrowers, dismissing the $24 billion figure as "psychological terrorism...