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: bank of italy lost much of its credibiity by police wire taps revealing that fazio and his wife advised local banks in corruption
Choices:
A). Yes;
B). It's impossible to say;
C). No;
B).