In an interview with the news reporter AWP and reported by CASH, M. Coduri, BSI CEO, states that US justice and negotiation costs and FATCA conformity imply huge costs, but those costs will not threaten the bank.

The bank previously joined the US Tax Program under Category 2 and complied to all the deadlines.

However, the BSI CEO stresses that BSI was sold by the Italian Generali Group to the Brazilian BTG Pactual last December. A possible US fine should then be paid by the previous owner Generali or respectively deducted from the purchase price.