As for who will be the new chairman of the Italian Bank... According to the deliberations of the Italian Bank board, it's decided that a formal election for the new chairman will be held in a week.
This decision, when sent back to Wall Street, naturally led to the stock price of the two major listed banks under the Italian Bank dropping again. Although they've already guessed that the election being a week away is to wait for the Treasury Department and the White House to sign the decree on the nationwide networking of commercial banks.
This is also to allow Amadei Giannini to fully sell off his stocks in the Italian Bank.
The new holder, naturally, will be either Morgan or Breton.
