Type
Bankruptcy
Country
Italy
Region
Nord Ovest; Lombardia; Milano
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

112 jobs
Number of planned job losses
Job loss
Announcement Date
5 November 2010
Employment effect (start)
30 November 2010
Foreseen end date
30 November 2011

Description

Banca MB, one private investment bank, is to close with the loss of 112 jobs. Due to its financial crisis, the bank was put in "extraordinary administration" in 2009. In November 2010, the commissioners have started the collective dismissals procedures for 112 workers.


Sources

  • 6 November 2010: Il Sole 24 Ore

Citation

Eurofound (2010), Banca MB, Bankruptcy in Italy, factsheet number 71183, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71183.