Top man Bossi
In January 2012, Giovanni Bossi, bossi of the Venetian Banca IFIS, borrowed E2bn for 3 years at 1% from the ECB's LTRO scheme and used it to buy E2bn Italian government debt which was yielding over 6%. The 5% yield differential was worth E100m a year compared with Banca IFIS's market capitalisation of just over E200m in early 2012. The bank's market cap has since more than doubled to E530m and Boss Bossi's personal shareholding has increased by E8.2m. Complimenti!