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VeloBank blocks 90-year-old's $300k fund sale over power of attorney dispute

A 90-year-old Polish woman's proxy cannot sell part of her ~$300k investment funds at VeloBank (ex-Citi Handlowy retail) due to an allegedly imprecise power of attorney. The bank requires her to appear in person, creating a liquidity constraint for the investor. This highlights operational friction in bank transitions and potential regulatory scrutiny.

Rzeczpospolita3 days agoPLCredibility 28%View source

Score Breakdown

Mosaic Score2.0
Model confidence0.5
Significance0.1
Source credibility0.3
Source

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