Antonio Fazio

Bank of Italy governor steps down

Bank of Italy governor Antonio Fazio has resigned, a central bank spokeswoman has announced.

Pressure had been mounting on Mr Fazio to quit following a scandal over the sale of Italy’s Banca Antonveneta.

Mr Fazio is facing an investigation into suspected insider trading and abuse of office relating to his handling of the bank takeover battle

Pressure mounts on Fazio to quit

Pressure is mounting on embattled Bank of Italy governor Antonio Fazio to quit over a bank merger scandal.

Mr Fazio has so far ignored widespread calls for his resignation, but Italy’s economy minister has now threatened to oust him.

The news came as it emerged that Mr Fazio is now being investigated for alleged insider trading