The financial situation of BFF Bank becomes further complicated, recording a marked decline of 32.39% in the value of its shares. This descent follows the heavy collapse already experienced the previous day. The main cause of this decline is represented by the decisions adopted by the Bank of Italy, which, following an inspection of BFF’s public credit management practices, imposed a series of restrictive measures.
The actions taken by the Italian regulator include the temporary suspension of the distribution of profits or other elements constituting the bank’s assets. In addition, BFF was asked to suspend the variable part of the remuneration of its employees and to stop any expansion plans abroad. This last point implies the prohibition on opening new branches or extending one’s presence into new countries through the provision of services.
A further restriction concerns the trading policy of BFF Bank shares. From today, until further notice, traders will be prohibited from placing orders to buy or sell shares without a predefined price limit. This measure was probably adopted to prevent further volatility in the share price, already heavily affected by recent events.
