Rome

Record payout to subordinate bond holder

1 mn euros after being bilked by Banca Marche

Record payout to subordinate bond holder

Rome, July 13 - A businessman got a record compensation payout of one million euros Friday after being improperly induced into buying subordinate bonds by Banca Marche. The bank was one of four regional lenders that went to the wall leaving bond holders holding worthless paper. The bilked investor will be compensated from the Interbank Fund.

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