I think the government would have preferred Bonello as chairman but given his recent crusade against Bank of Valletta, it is not practical.

I’m afraid Paul Bonello wants more than his pound of flesh for his “inexperienced clients”.

He will get the payback in full at the detriment of BOV shareholders.

And he will be made MSE Chairman after Dr Arthur Galea Salomone (who is a FINCO Holdings director together with Paul Bonello) leaves his post.

http://www.fincotrust.com/finco/corporate.asp?parentAnchID=2

Cassar White is one who sees the glass as half empty. Just have a look at his articles published on The Times.

It seems that he has not absorbed the “be positive” hype of the Movement.

Joseph Muscat. It is owned by the government.

Is he or is he not the new chairman of BOV? Read today’s Borza ta’ Malta (stock exchange) announcements and there’s no news about BOV let alone chairmanships.

And on the BOV website Mifsud Bonnici is still chairman.
https://www.bov.com/page.asp?p=10810&l=1

MFSA seems to be making the due diligence report about Cassar White.

Andre’ Camilleri can be considered as dead man walking if Cassar White is not given the approval by MFSA.

And the MFSA as the listing authority.

And Paul Bonello, as the great defender of investor rights. The one who until just a few weeks ago was so critical of the MFSA and of BOV.

Please also note that it is also customary for any director of a board of an entity licensed by the MFSA to be pre approved by the MFSA before being formally appointed to the Board.

[Daphne – That is exactly what I said John: that Bank of Valletta’s failure to issue a company announcement means that the bank itself wasn’t informed. I know exactly what the procedure is. I worked in financial PR for years and it was my job to write the company announcements, get them approved through the regulatory/proper channels and release them. That is exactly why I went and looked for the company announcement and understood the significance of not finding it, while no other news media picked up on it.]

The ‘new Labour’ attitude towards such matters, summed up in one sentence, by Gahan.

Next, will have the receptionist’s desk adorned with assorted Labour memorabilia. And to think we were criticised for bringing up Labour’s past during the election campaign.

Back to Labour basics.