[2] While serving as a director of Banca San Paolo di Brescia in 1982, then Treasury Minister Nino Andreatta asked him to contribute to the bailout of Banco Ambrosiano, the Italian bank overwhelmed by the Calvi scandal.

[3] He became chairman of Nuovo Banco Ambrosiano and managed the sale of Rizzoli-Corriere della Sera (now RCS MediaGroup), the market-leading editorial group that Angelo Rizzoli had sold to Calvi.

As chairman of Mittel, one of the companies that took part in the acquisition of Rizzoli-Corriere della Sera, he benefited personally from the transaction.

In 1990, he was instrumental in getting the French group Crédit Agricole to become one of BAV's shareholders, thereby thwarting Gemina’s attempt to take on a leading role in the bank.

According to media sources, Bazoli is said to have declined an offer to run as leader of the Ulivo coalition in the 2001 political elections, a role then taken on by Francesco Rutelli.