Giovedì, 20 Settembre 2018

Former MPS chairman and ex-general manager probed


Rome, February 14 - Both the former chairman and
the ex-general manager of troubled Italian lender Monte dei
Paschi di Siena (MPS) were put under investigation Thursday for
obstructing the supervisory role of the Bank of Italy during its
ongoing fraud investigation.
The Italian central bank announced last month it was going
through MPS documents when it emerged that a previously
undisclosed series of derivative and structured-finance deals
produced losses in excess of 720 million euros.
Former MPS chairman Giuseppe Mussari and ex-general manager
Antonio Vigni have previously been called for questioning in the
MPS, Italy's third-largest lender and the world's oldest
bank, is creaking under the weight of the failed derivatives
transactions and alleged corruption which has involved some of
the bank's top managers.

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