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Italy's IFIS replaces CEO after central bank audit finds issues, shares sink

Source: reuters.com

Banking & LiquidityManagement & GovernanceRegulation & Legislation
Italy's IFIS replaces CEO after central bank audit finds issues, shares sink

Banca IFIS appointed a new CEO and is strengthening its governance after an extensive on-site inspection by Italy's banking supervisor identified multiple issues. The management and governance actions signal regulatory scrutiny and could create near-term uncertainty for the specialist lender.

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