Italy, first Bank Going Bye Bye? All accounts blocked!

[sigma6]

Network Bank Investments, with a short notice decided to block all accounts and so any mean of getting to money, in any form, is it online or cash.

http://soundofheart.org/galacticfree...counts-blocked

[walshy0420]

Has this been confirmed? Only I'm pretty sure this is the Italian bank that Ben Fulford was referring to in his latest update!

So either you're onto something or this is a hoax story created to add false evidence to his account that we're about to see a banking system reboot.

[aranuk]

Drake spoke about it too on Wednesday last.

Stan

[WhiteFeather]

Hopefully the whole ponzi scheme bankster shabang will follow suit. Anything of falseness cannot rely on its legs to stand too long. Maybe very well indeed we are starting to see its weakness perhaps. Just a thought.

[andrewgreen]

Posted by aranuk (here)
Drake spoke about it too on Wednesday last.

Stan

Along with the mass arrests that should have happened about 2 weeks ago. Drake is about a reliable informant as Fulford.

[sigma6]

Has this been confirmed? Only I'm pretty sure this is the Italian bank that Ben Fulford was referring to in his latest update!
So either you're onto something or this is a hoax story created to add false evidence to his account that we're about to see a banking system reboot.

Drake spoke about it too on Wednesday last.
Stan

Thanks for the feedback didn't know there are other intersecting 'data points' on this hmm...

[Selene]

This would be a major story - if it were true.

There's absolutely nothing on any newswire about this. And "Network Bank Investments" [assuming that's the correct name] has no mention anywhere.

Zip. Total BS.




Cheers,

Selene

[Sidney]

Are there any Italians in the house that might be able to confirm this??




http://blog.alexanderhiggins.com/201...counts-143851/

http://www.youtube.com/watch?v=QJx40ZuUdy4

[Selene]

Reading further, from Banca Network Investimenti website (Google translation from Italian to English) http://www.bancanetwork.it/content/s...-dei-pagamenti

Posted by Banca Network Investimenti
Suspension of Payments


PRESS RELEASE May 31, 2012

On 31 May 2012, the Special Commissioners of Bank Network Investments SpA in Extraordinary Administration (MI), with the approval of the Supervisory Committee and with the approval of the Bank of Italy, have decided to suspend the payment of liabilities of any kind, pursuant to art. 74 of Leg. September 1, 1993. 385 (TUB), for the period of one month. The suspension does not include client financial instruments.

The measure was necessary to face the difficult situation of the bank.

Organs extraordinary Bank Network Investments SpA, an intermediary member of the Interbank Deposit Protection Fund, are developing a plan for solving the crisis in order to safeguard clients' rights, provides for the intervention of Consultinvest SIM Group and Bank Savings of Ravenna.

“Client financial instruments” means money in client accounts. It’s still accessible, as far as I can tell.

Cheers,

Selene

[RMorgan]

Selene,

This bank actually exists.

It´s called Banca Network Investimenti S.P.A, or BNI.

Here´s the website: http://www.bancanetwork.it/

However, I couldn´t find any source in the mainstream media confirming that it has actually blocked its accounts.

Cheers,

Raf.

EDIT: Sorry, I wasn´t aware of your above post.

[MorningSong]

I wa not aware of this....but then, again, I haven't been watching the TV news much lately although I do listen to the radio on the way to work.

I have never even heard of this bank, and yet, again, I am not much of a "bank" person.

I do know that what was a very good bank, Credito Valtellinese, is in hot water.

I will certainly keep my antennaes up for any new info.

Thanks for the "heads up"!

[A Simple Human]

Posted by walshy0420 (here)
Has this been confirmed? Only I'm pretty sure this is the Italian bank that Ben Fulford was referring to in his latest update!

So either you're onto something or this is a hoax story created to add false evidence to his account that we're about to see a banking system reboot.

Posted by Selene (here)
This would be a major story - if it were true.

There's absolutely nothing on any newswire about this. And "Network Bank Investments" [assuming that's the correct name] has no mention anywhere.

Zip. Total BS.

Posted by starchild111 (here)
Are there any Italians in the house that might be able to confirm this??

Posted by RMorgan (here)
However, I couldn´t find any source in the mainstream media confirming that it has actually blocked its accounts.

Posted by MorningSong (here)
I wa not aware of this....but then, again, I haven't been watching the TV news much lately although I do listen to the radio on the way to work.

Please read my entire post #1078 from June 9, 2012.

I had the same skepticism as many of you, but I found a site, Adiconsum, which provided an article along with reader's comments. Now the comments do not necessarily prove that the event is true; however, there are presently 35 comments several of which complain about their funds being suspended and that they are going to seek legal counsel.

So while that article may be fiction, I just don't see why readers would contribute comments corroborating a fictional story. Why would no one post a comment stating that it's pure BS?

I've also been requesting that our Italian friends here on PA either confirm or deny the veracity of this event. Perhaps MorningSong can help us out with this.

A.S.H.

[MorningSong]

This appears to have really happened.

I found this article on a trustworthy site: http://www.ilfattoquotidiano.it/2012...ncomat/258511/

It appears that the BNI has been in hot water since November 2011. Anyone paying attention would have seen this "end" coming, IMO.

When the clients' accounts were blocked (May 31), the bank was desperately trying to find a "buyer" ... that is, the bank was for sale because it was going down fast.

BNI obviously took advantage of a not-so-recent law that let it block it's clients' accounts, although now, there is a big ruffus over it having done so without forewarning said clients.

The article mentions 69 employees possibly loosing their jobs....must not really be a big bank group, after all.

There was to be a debate on the whole affair today in Parlament.

[MorningSong]

Here is an article from May 17 announcing that the BNI was going to close down:

http://www.advisoronline.it/promotor...endenti.action

It states that the foreclosure of the bank was not "unexpected" being that " heavy and constant losses over the last (?) years and the constant reduction of collection from a continuous outpouring (of funds) by it promoters" and that the business partners and share owners had not been able to give the bank a useful direction".....(sounds like the Italian politics....hahahah)

[Flash]

This happened in Turkey with lots of banks in 2001 (lots of thiefts too) and bad for investors, not too much impact on the individuals accounts. At the time, IMF obliged Turkey to turn around following some rules imposed by IMF, which made Turkey one of the safest country to have money in when 2008 came (Turkey and Canada had both minimized impact because of strong banks). However, it made Turkey accountable to IMF as well.

The problems now is that it is in a very different environment where many many banks, worldwide, risk to go under. So turnaround may be quite more painful for that small bank..

[bearcow]

http://translate.google.com/translat...anetwork.it%2F

On 31 May 2012, the Special Commissioners of Bank Network Investments SpA in Extraordinary Administration (MI), with the approval of the Supervisory Committee and with the approval of the Bank of Italy, have decided to suspend the payment of liabilities of any kind, pursuant to art. 74 of Leg. September 1, 1993. 385 (TUB), for the period of one month. The suspension does not include client financial instruments.

The measure was necessary to face the difficult situation of the bank.

Organs extraordinary Bank Network Investments SpA, an intermediary member of the Interbank Deposit Protection Fund, are developing a plan for solving the crisis in order to safeguard clients' rights, provides for the intervention of Consultinvest SIM Group and Bank Savings of Ravenna.

again

have decided to suspend the payment of liabilities

The suspension does not include client financial instruments.

the accounts have not been blocked. most likely they have suspended paying out settlements from prior legal proceedings in order to keep the bank somewhat solvent

from what i can gather, it looks like a investment bank. Meaning it does not take deposits, or have local branches designed to set up checking or simple savings accounts.

[WhiteFeather]

Posted by RMorgan (here)
Selene,

This bank actually exists.

It´s called Banca Network Investimenti S.P.A, or BNI.

Here´s the website: http://www.bancanetwork.it/

However, I couldn´t find any source in the mainstream media confirming that it has actually blocked its accounts.

Cheers,

Raf.

EDIT: Sorry, I wasn´t aware of your above post.

Do you think The Lame Stream Media Would Actually Be Authorized To Release This News. Im sure they have to get permission first from the upper hierarchy assclowns. And the higher ups might well be part of this sheister banking system. The banking corporations own/control the newspaper publications and yes its ultimately one of the rings in this 3 ring circus.

[RMorgan]

Posted by WhiteFeather (here)
Do you think The Lame Stream Media Would Actually Be Authorized To Release This News. Im sure they have to get permission first from the upper hierarchy assclowns. And the higher ups might well be part of this sheister banking system. The banking corporations own/control the newspaper publications and yes its ultimately one of the rings in this 3 ring circus.

Hey mate,

Well, at least here in Brazil, whenever a bank goes bankrupt, the MSM is very fast to report.

We had many broken minor banks here over the last few years and the MSM was all over it.

However, I don´t know how things work up there in Italy.

Anyway, this bank, BNI, isn´t a "major" bank as reported by some sensationalist alternative media sources. ( http://blog.alexanderhiggins.com/201...counts-143851/ )

Here´s the list of the biggest Italian Banks:

http://www.tradecommissioner.gc.ca/e...t.jsp?did=6842

and

http://www.relbanks.com/europe/italy

It´s a small bank and, small banks go bankrupt all the time, all around the world.

I guess the big banks are the same anywhere in the world; Citybank, HSBC, Santander, BNP Paribas, etc...

Cheers,

Raf.

[WhiteFeather]

Posted by RMorgan (here)

Posted by WhiteFeather (here)
Do you think The Lame Stream Media Would Actually Be Authorized To Release This News. Im sure they have to get permission first from the upper hierarchy assclowns. And the higher ups might well be part of this sheister banking system. The banking corporations own/control the newspaper publications and yes its ultimately one of the rings in this 3 ring circus.

Hey mate,

Well, at least here in Brazil, whenever a bank goes bankrupt, the MSM is very fast to report.

We had many broken minor banks here over the last few years and the MSM was all over it.

However, I don´t know how things work up there in Italy.

Anyway, this bank, BNI, isn´t a "major" bank as reported by some sensationalist alternative media sources. ( http://blog.alexanderhiggins.com/201...counts-143851/ )

Here´s the list of the biggest Italian Banks:

http://www.tradecommissioner.gc.ca/e...t.jsp?did=6842

and

http://www.relbanks.com/europe/italy

It´s a small bank and, small banks go bankrupt all the time, all around the world.

I guess the big banks are the same anywhere in the world; Citybank, HSBC, Santander, BNP Paribas, etc...

Cheers,

Raf.

Not to take away from Brazil Mate. But Italy, Greece etc. (Europe) is much more of a sensitive issue with regards to the financial crisis in europe at this time. I believe The Euros going straight to the shyte hole real soon. And the corporate owned newspapers wanna keep a low profile perhaps. Just a thought here is all.

[Tane Mahuta]

Posted by WhiteFeather (here)

Posted by RMorgan (here)
Selene,

This bank actually exists.

It´s called Banca Network Investimenti S.P.A, or BNI.

Here´s the website: http://www.bancanetwork.it/

However, I couldn´t find any source in the mainstream media confirming that it has actually blocked its accounts.

Cheers,

Raf.

EDIT: Sorry, I wasn´t aware of your above post.

Do you think The Lame Stream Media Would Actually Be Authorized To Release This News. Im sure they have to get permission first from the upper hierarchy assclowns. And the higher ups might well be part of this sheister banking system. The banking corporations own/control the newspaper publications and yes its ultimately one of the rings in this 3 ring circus.

No no no the msm & the banksters wouldn't want info like this to get out. Imagine the bank runs if this went vile. Something like this

will cause an entire collapse of their ponzi scheme. People this is all it will take for that to happen.

TM