Can we draw the following hypothesis from the context (see options)? 

Context:

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.

Hypothesis: A private bank in Italy is engulfed by a scandal
Possible answers: (A). Yes (B). It's impossible to say (C). No
(C).