BPI Lodi me

Banca Popolare Italiana’s revelation of E1.8bn in controversial financing has done nothing to remedy its financial reputation. In spite of making reassuring noises about its capital strength, BPI saw its shares slump by around a fifth on Wednesday, after they were suspended during the day. It isn’t hard to see why investors may have taken fright. BPI, which used to be called Lodi, pulled out all the stops to shore up its capital earlier this year when it was trying to buy larger rival Antonvene...