Italy indicts top ex-bankers over derivatives scandal
Thirteen top officials from Banca Monte dei Paschi di Siena (BMPS), Deutsche Bank and Nomura are to go on trial in Milan for their alleged role in a long-running derivatives scandal, Italian newspapers reported Sunday.
Oct 02, 2016, 17:42 PM ISTWorld's oldest bank could become Europe's newest problem
With gross bad loans amounting to 46.9 billion euros ($52 billion), BMPS, is at the forefront of concerns about the fragile balance sheets of Italian banks, which are weighed down by 360 billion euros in bad debt.
Jul 06, 2016, 17:24 PM IST