The incident near Milan came just days after an Italian pensioner committed suicide following a so-called bail-in of a number of small savings banks. The banks were rescued by a government-backed initiative that involved bondholders losing money in the troubled Banca Etruria, Cassa di Risparmio di Ferrara, Banca delle Marche and CariChieti.

The pensioner had reportedly lost over US$100,000 in savings in Banca Etruria.