Banca IFIS Replaces CEO After Central Bank Audit
Banca IFIS appointed a new chief executive after a central bank audit flagged governance and risk issues. The lender shares fell 14.5 percent following the inspection.
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BANCA IFIS SPA shares plunged 14.5% during Friday morning trading after a central bank audit uncovered severe governance and operational risks.
The stock suffered an automatic trading suspension, contrasting with Italy’s broader banking share index, which rose 1.4% over the same period.
