Banca Mediolanum and problems with Lehman
Banca Mediolanum is the main bank was exposed to default by the banks Lehman.
According to the Sole24ore his speech is:
The exposure of the customer led to Lehman Ennio Doris is 160 million, market value of policies to August 29, the nominal value of 213 million. These are policies where the risk is insured in the head. "We are monitoring the situation and working to reduce the impact on customers," says a spokesman for Mediolanum. Overall exposure to Lehman represents 0.5% of total assets of customers.
The problem is so significant that Ennio Doris was from his uncomfortable chair for publicity so reassure its customers.
Certainly, the gesture is appreciated; so far Mediolanum has been the only bank that wants to at least give the impression of being close to its customers.
And even with the facts is moving in favor of customers.
The Lehman story will be resolved in fact taking the cost of error in investment made it back without customers.