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Economics, Governance

Italy, First Bank Going Bye Bye?

All accounts blocked!

By GLR ANdReA – Posted on 09 June 2012


The first to fall: BNI blocks bancomat, online, and any way of getting to one’s account.

On the bank’s homepage there’s written (http://www.bancanetwork.it/) “An efficent bank, always at your side.”

Thus, from this morning all clients are alone, with no possibility to get to their accounts.

Network Bank Investments, via a short notice, decided to block all accounts and thereby any means of getting to money, in any form, be it online or cash. The notice was sent out 7 days ago. Thus not many were able to read it.


The institute decided in an extraordinary meeting last November, after getting the green light from the Banca d’Italia, to suspend any money transfer for a whole month.

Massimo, policeman in Milan speaks for all: when I went to pay the mechanic office for my car the bancomat did not work, nor was I able to make a transfer. Actually, they took all my money away. Now I have 20€ in my wallet, a wife and two daughters, what am I going to do? My account is also where my salary goes to, so what now?

source (italian)




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