Italian lender BFF Bank said on Sunday the Bank of Italy had named two extraordinary commissioners to temporarily work alongside its board to oversee a rapid restructuring and adopt remedies in its factoring business and the internal control system.
BFF said an audit the Bank of Italy has been conducting has highlighted issues with its factoring and lending activities as well as the classification of credits to reflect potential losses.
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The issues with the internal control syst… [839 chars]
Source: Reuters | Published: 2026-03-29T13:38:01Z
Credit: Reuters
