The Bank of Italy, the ultimate arbiter of Italian banking mergers, has been engulfed by scandal since police wire taps revealed Fazio and his wife advised a local banker in a bid for bank Antonveneta against Dutch bank ABN AMRO.
Does this next sentence follow, given the preceding text?
The Bank of Italy is based in Naples.

Available options:
I. Yes
II. It's impossible to say
III. No
II.