Special Report: Downfall of the world’s oldest bank
SIENA (Reuters) - The fax marked 'confidential' gave the chairman clear advice: the questions he would field and, most important of all, the answers he would need. Written in English...
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Messy election outcome to weigh on Italian markets
MILAN (Reuters) - Italian government bonds fell sharply on Tuesday, and stocks were set to follow, after inconclusive elections left Italy facing political deadlock and rekindled fears of a euro...
Top Monte Paschi investor piled on debt under Treasury’s eye
MILAN/SIENA (Reuters) - The charitable foundation that controls Italy's scandal-hit Monte dei Paschi bank took on excessive debt and entered into risky derivative trades with the tacit consent of the...
Monte Paschi ex-managers probed over bribery, fraud
SIENA, Italy (Reuters) - Prosecutors are investigating the former management of Italy's troubled Monte dei Paschi bank for bribery and fraud, judicial sources said on Wednesday, as pressure grew on...
Italy’s Monte Paschi finds no evidence of takeover bribes
MILAN (Reuters) - Italy's troubled Monte dei Paschi bank said on Monday it had no evidence of bribery in a 2007 takeover now under scrutiny over alleged corruption, but acknowledged...
Monte Paschi’s financial secrets not so safe
MILAN (Reuters) - The loss-making trades at the center of a scandal at Italian bank Monte dei Paschi di Siena's were only uncovered when new executives unlocked a safe at...
Italy’s crisis-hit Monte dei Paschi: half a millennium in banking
SIENA, Italy (Reuters) - When the Monte dei Paschi di Siena bank was founded in 1472, Michelangelo was not born, Columbus had still to discover America and Henry VIII of...
Italy’s Monti steps into Monte Paschi scandal
MILAN (Reuters) - Italian Prime Minister Mario Monti weighed in on the scandal surrounding Banca Monte dei Paschi di Siena on Thursday, rejecting suggestions that the authorities had failed to...
Italy’s Monti steps into Monte Paschi scandal
MILAN (Reuters) - Italian Prime Minister Mario Monti weighed in on the scandal surrounding Banca Monte dei Paschi di Siena on Thursday, rejecting suggestions that the authorities had failed to...
Derivatives scandal drags Monte Paschi into Italy election race
MILAN (Reuters) - A scandal over shady derivatives deals bleeding money at Banca Monte dei Paschi di Siena has thrust Italy's third-biggest lender into the country's election campaign and risks...