Monte dei Paschi di Siena

Japan's Nomura ready to discuss Italy asset freeze order

Agence France-PresseApril 26, 2013 08:30

Japanese bank Nomura said on Friday it wanted "meaningful discussions" with prosecutors in Italy over an order for the seizure of 1.8 billion euros ($2.3 billion) in assets in an ongoing enquiry. Nomura "will attempt to have meaningful discussions with the Italian prosecutors to resolve the situation," said Shigesuke Kashiwagi, chief financial officer of Nomura Holdings. The investigation revolves around troubled Italian lender Banca Monte dei Paschi di Siena, which negotiated a derivatives deal with Nomura.

Italy prosecutors freeze 140 million euros of Nomura assets in Monte Paschi case-source

Thomson ReutersApril 26, 2013 08:30

SIENA, Italy (Reuters) - Italian prosecutors have frozen around 140 million euros of assets in Italy from a unit of Nomura Holdings as part of an ongoing legal dispute over a derivatives financing deal with Monte dei Paschi, a source close to the case said. Nomura Chief Financial Officer Shigesuke Kashiwagi said on Friday that it had been informed on April 23 that an order to freeze Nomura Bank International's (NBI) assets in Italy had been implemented.

Nomura seeks talks with Italy prosecutors to solve asset freeze

Thomson ReutersApril 26, 2013 07:30

MILAN (Reuters) - Nomura Holdings Inc said it intends to meaningfully engage with Italian prosecutors to find a solution to an order freezing assets of one of its units relating to a legal dispute with Italy's Monte dei Paschi di Siena. "Nomura takes this situation very seriously and will continue to take all appropriate steps to protect our stakeholders," , Nomura's Chief Financial Officer Shigesuke Kashiwagi said in a note on Friday.

Italy freezes Nomura assets in Monte Paschi probe

Thomson ReutersApril 26, 2013 06:31

By Nathan Layne and Silvia Ognibene TOKYO/SIENA (Reuters) - Nomura Holdings Inc said on Friday Italian prosecutors had frozen its assets in Italy in connection with a high-profile investigation over a derivatives contract with local lender Banca Monte Dei Paschi di Siena. Nomura Chief Financial Officer Shigesuke Kashiwagi said his bank had been informed on April 23 that Nomura Bank International's (NBI) assets in Italy had been frozen.

Monte Paschi puts up $3.6 billion collateral for derivative trades

Thomson ReutersApril 24, 2013 16:45

MILAN (Reuters) - Monte dei Paschi had to put up more than 2.8 billion euros (2.3 billion pounds) by way of collateral for two loss-making derivatives trades at the centre of an investigation of alleged fraud at Italy's third-biggest lender. The Tuscan bank said in a statement on Wednesday that it had provided collateral of 1.871 billion euros at the end of March for the derivative deal known as "Alexandria" with Japanese bank Nomura.

Deutsche Bank seeks to avoid any seizure in Monte Paschi probe-sources

Thomson ReutersApril 22, 2013 09:15

By Silvia Ognibene SIENA, Italy (Reuters) - Lawyers for Deutsche Bank <DBKGn.DE> met Italian prosecutors investigating loss-making trades at Italian bank Monte dei Paschi <BMPS.MI> on Monday to avoid any risk of a seizure order, three sources with direct knowledge of the matter told Reuters. A financial derivatives deal known as "Santorini" in 2008 between Deutsche Bank and Monte dei Paschi di Siena is one of three trades at the heart of a probe into alleged fraud at Italy's third biggest lender.

Bundesbank rejects Italian bid to freeze Nomura assets - sources

Thomson ReutersApril 19, 2013 12:30

MILAN (Reuters) - The Bundesbank has rejected a request by Italian prosecutors to freeze assets belonging to Japanese bank Nomura <8604.T> and held in Germany, sources with direct knowledge of the matter said on Friday.

Italy police seize JP Morgan records in Monte Paschi probe

Thomson ReutersApril 18, 2013 11:30

By Massimo Gaia MILAN (Reuters) - Italian tax police descended on the Milan offices of JP Morgan on Thursday in search of documents in their investigation into suspected fraud at Monte dei Paschi bank, as a scandal rocking Italian finance spreads to foreign banks doing business there. The arrival of police at the central Milan office of the U.S. bank comes two days after Italian prosecutors moved to seize up to 1.95 billion euros (1.66 billion pounds) from Nomura, Japan's largest broker.

Italian police search JP Morgan office

Agence France-PresseApril 18, 2013 07:46

Italian financial police searched the Milan offices of US bank JP Morgan on Thursday as part of an investigation into Monte dei Paschi di Siena's (BMPS) 2007 acquisition of the Spanish bank Antonveneta, the Corriere della Sera daily said. A court in Siena is leading the probe, and police were looking for documents related to the case, the newspaper said, adding that the Milan branch was among several business offices that had already been searched in May 2012 as part of the same investigation. The financial police and JP Morgan's Milan offices were not available for comment.

Italy prosecutors turn up heat on banks in Monte Paschi inquiry

Thomson ReutersApril 18, 2013 05:00

By Massimo Gaia MILAN (Reuters) - Italian prosecutors stepped up investigations into alleged fraud at Monte dei Paschi bank by ordering police to gather evidence from JP Morgan, one of several foreign lenders linked to a scandal rocking the financial and political establishment. JP Morgan helped Monte dei Paschi to finance its costly purchase in 2007 of Antonveneta bank through a 1 billion euro hybrid bond, whose true nature was not fully disclosed to Italian regulators, according to prosecutors.