Siena http://www.globalpost.com/taxonomy/term/27511/all en Derivatives scandal drags Monte Paschi into Italy election race http://www.globalpost.com/dispatch/news/thomson-reuters/130123/derivatives-scandal-drags-monte-paschi-italy-election-race <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bank seen close to centre-left PD party, leading in polls</p> <p>* Rival politicians accuse PD of mismanagement, slam bailout</p> <p>By Silvia Aloisi</p> <p>MILAN, Jan 23 (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 embarrassing the centre-left over its ties with the bank.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/derivatives-scandal-drags-monte-paschi-italy-election-race" target="_blank">read more</a></p> Bank Business Labor Law Monte dei Paschi di Siena Siena Technology Thomson Reuters Wed, 23 Jan 2013 16:15:04 +0000 5738359 at http://www.globalpost.com UPDATE 1-Derivatives scandal drags Monte Paschi into Italy election race http://www.globalpost.com/dispatch/news/thomson-reuters/130123/update-1-derivatives-scandal-drags-monte-paschi-italy-election- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bank seen close to centre-left PD party, leading in polls</p> <p>* Rival politicians accuse PD of mismanagement, slam bailout</p> <p>* 5-Star leader Grillo says bank should be nationalized (Adds Grillo, Viola comments)</p> <p>By Silvia Aloisi</p> <p>MILAN, Jan 23 (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 embarrassing the centre-left over its ties with the bank.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/update-1-derivatives-scandal-drags-monte-paschi-italy-election-" target="_blank">read more</a></p> Business Italy Labor Law Monte dei Paschi di Siena Siena Thomson Reuters Wed, 23 Jan 2013 20:45:26 +0000 5738509 at http://www.globalpost.com UPDATE 4-Italy's Monte Paschi faces shareholder fury as scandal widens http://www.globalpost.com/dispatch/news/thomson-reuters/130125/update-3-italys-monte-paschi-faces-shareholder-fury-scandal-wid <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Shareholders blast "casino" management</p> <p>* PM Monti says problems confined to historic Tuscan lender</p> <p>* Bank of Italy rejects criticism of supervision</p> <p>* Management under pressure at angry shareholder assembly</p> <p>By Silvia Aloisi and Stefano Bernabei</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130125/update-3-italys-monte-paschi-faces-shareholder-fury-scandal-wid" target="_blank">read more</a></p> Antonveneta Business Entertainment Labor Law Monte dei Paschi di Siena Monte Paschi Politics Siena Thomson Reuters Fri, 25 Jan 2013 17:15:52 +0000 5739505 at http://www.globalpost.com Bank of Italy board meets to assess Monte Paschi crisis http://www.globalpost.com/dispatch/news/thomson-reuters/130126/bank-italy-board-meets-assess-monte-paschi-crisis <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Central bank board to rule on request for state loans</p> <p>* Prosecutors reported to suspect fraud, corruption</p> <p>* Bank of Italy under pressure over role as supervisor</p> <p>By Gavin Jones</p> <p>ROME, Jan 26 (Reuters) - The four-member board of the Bank of Italy was meeting on Saturday to consider the position of scandal-hit bank Monte dei Paschi di Siena and decide whether to authorise its request for 3.9 billion euros ($5.3 billion) of state loans.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130126/bank-italy-board-meets-assess-monte-paschi-crisis" target="_blank">read more</a></p> Business Mario Draghi Monte dei Paschi di Siena Siena Thomson Reuters Sat, 26 Jan 2013 12:30:03 +0000 5739794 at http://www.globalpost.com Draghi informed of Monte Paschi doubts but not at fault - source http://www.globalpost.com/dispatch/news/thomson-reuters/130204/draghi-was-informed-monte-paschi-doubts-central-bank-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Draghi didn't have responsibility for punishing Monte Paschi</p> <p>* BOI vigilance is slow but deliberate - senior source</p> <p>* Says Monte Paschi vigilance did not fail, but would welcome more powers</p> <p>By Gavin Jones</p> <p>ROME, Feb 4 (Reuters) - Mario Draghi was informed of doubts raised by Bank of Italy inspectors about the Monte dei Paschi bank but had little control over what has been widely criticised as ineffective oversight of the scandal-hit lender, a senior BoI source told Reuters.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130204/draghi-was-informed-monte-paschi-doubts-central-bank-source" target="_blank">read more</a></p> Boi Business Mario Draghi Monte dei Paschi di Siena Monte Paschi Siena Thomson Reuters Mon, 04 Feb 2013 16:00:34 +0000 5745494 at http://www.globalpost.com Scandal-hit Italian bank executive commits suicide http://www.globalpost.com/dispatch/news/afp/130306/scandal-hit-italian-bank-executive-commits-suicide <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The communications chief of Italy's scandal-hit Banca Monte dei Paschi di Siena (BMPS) killed himself Thursday by jumping out a window at the bank's headquarters, Italian media said.</p> <p>Investigators had searched David Rossi's home and office 10 days ago in connection with a probe into hundreds of millions of euros missing from the accounts of BMPS, the world's oldest bank.</p> <p>But no charges had been brought against him.</p> <p>Rossi leapt from a window of the 14th-century Rocca Salimbeni palazzo in Siena, where the bank is headquartered, reports said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/scandal-hit-italian-bank-executive-commits-suicide" target="_blank">read more</a></p> Monte dei Paschi di Siena Siena AFP Wed, 06 Mar 2013 23:30:42 +0000 5775542 at http://www.globalpost.com UPDATE 3-Police investigate death of Monte Paschi spokesman http://www.globalpost.com/dispatch/news/thomson-reuters/130306/update-1-monte-paschis-spokesman-found-dead-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bank spokesman found dead late on Wednesday</p> <p>* Body found beneath open window of bank headquarters</p> <p>* Prosecutors said investigating possible suicide</p> <p>By Silvia Ognibene</p> <p>SIENA, Italy, March 7 (Reuters) - Prosecutors began investigating the apparent suicide of the spokesman of Monte Paschi di Siena, the Italian bank subject to a corruption probe, and a judicial source said an autopsy would be done to dispel any doubt about how he died.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130306/update-1-monte-paschis-spokesman-found-dead-sources" target="_blank">read more</a></p> Antonveneta Business Finance Human Interest Monte dei Paschi di Siena Siena Thomson Reuters Thu, 07 Mar 2013 01:00:46 +0000 5775597 at http://www.globalpost.com Monte Paschi's former finance chief returns to jail http://www.globalpost.com/dispatch/news/thomson-reuters/130317/monte-paschis-former-finance-chief-released-jail <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FLORENCE, Italy (Reuters) - An Italian judge on Sunday ordered the former head of Monte dei Paschi's &lt;BMPS.MI&gt; finance department to return to jail a day after releasing him for a procedural error as part of an inquiry into alleged fraud and bribery at Italy's third-largest bank.</p> <p>Judicial sources with direct knowledge of the case said Baldassarri, who had been released on Saturday night, would be detained in Milan.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130317/monte-paschis-former-finance-chief-released-jail" target="_blank">read more</a></p> Antonveneta Monte dei Paschi di Siena Siena Thomson Reuters Sun, 17 Mar 2013 09:15:29 +0000 5785838 at http://www.globalpost.com Italy police search Nomura's Milan offices in Monte Paschi probe-sources http://www.globalpost.com/dispatch/news/thomson-reuters/130327/italy-police-search-nomuras-milan-offices-monte-paschi-probe-so <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>MILAN/SIENA (Reuters) - Italy's tax police searched the Milan offices of Japanese bank Nomura &lt;8604.T&gt; on Wednesday as part of a judicial investigation into Italian lender Monte dei Paschi di Siena &lt;BMPS.MI&gt;, judicial sources said.</p> <p>One of the sources said the financial police were looking for emails and documents, without elaborating.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130327/italy-police-search-nomuras-milan-offices-monte-paschi-probe-so" target="_blank">read more</a></p> Monte dei Paschi di Siena Nomura Siena Thomson Reuters Wed, 27 Mar 2013 09:45:30 +0000 5795098 at http://www.globalpost.com Italian judges order seizure of 1.8 billion euros in Monte Paschi probe http://www.globalpost.com/dispatch/news/thomson-reuters/130416/italy-police-seize-18-billion-euros-monte-paschi-fraud-probe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>SIENA, Italy (Reuters) - Italian judges ordered the seizure of more than 1.8 billion euros (1.5 billion pounds) of assets as part of a probe into suspected fraud against troubled lender Banca Monte dei Paschi di Siena &lt;BMPS.MI&gt;, prosecutors said on Tuesday.</p> <p>In a statement, prosecutors in the city of Siena said most of the assets to be seized were funds held by Banca Nomura International, the Milan branch of Japan's Nomura International &lt;8604.T&gt;.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130416/italy-police-seize-18-billion-euros-monte-paschi-fraud-probe" target="_blank">read more</a></p> Antonveneta Bank Economic history Monte dei Paschi di Siena Siena Thomson Reuters Tue, 16 Apr 2013 08:45:03 +0000 5817129 at http://www.globalpost.com Italy seizes 1.8 bn euros from Japan's Nomura in fraud probe http://www.globalpost.com/dispatch/news/afp/130416/italy-seizes-18-bn-euros-japans-nomura-fraud-probe-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Italian police on Tuesday seized 1.8 billion euros ($2.3 billion) destined for Nomura and placed the Japanese bank's former CEO Sadeq Sayeed under investigation in a fraud probe over a derivatives deal with troubled Italian lender Monte dei Paschi.</p> <p>A statement from the prosecutor's office in Siena, the hometown of the Italian bank, said it had ordered the seizure of "a total of around 1.8 billion euros from Nomura International."</p> <p>Prosecutors also seized a total of 14.4 million euros from three former managers of Banca Monte dei Paschi di Siena who are under investigation.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130416/italy-seizes-18-bn-euros-japans-nomura-fraud-probe-0" target="_blank">read more</a></p> Monte dei Paschi di Siena Sadeq Sayeed Siena AFP Tue, 16 Apr 2013 09:46:26 +0000 5817166 at http://www.globalpost.com Italy seizes 1.8 bn euros from Japan's Nomura in fraud probe http://www.globalpost.com/dispatch/news/afp/130416/italy-seizes-18-bn-euros-japans-nomura-fraud-probe-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Italian police on Tuesday seized 1.8 billion euros ($2.3 billion) destined for Nomura and placed the former chief of the Japanese bank's European operations under investigation in a fraud probe over a derivatives deal with troubled Italian lender Monte dei Paschi di Siena.</p> <p>A statement from the prosecutor's office in Siena said it had ordered the seizure of "a total of around 1.8 billion euros from Nomura International" including 88 million euros in commissions and 1.7 billion euros in collateral posted by Monte dei Paschi for Nomura.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130416/italy-seizes-18-bn-euros-japans-nomura-fraud-probe-1" target="_blank">read more</a></p> Monte dei Paschi di Siena Sadeq Sayeed Siena AFP Tue, 16 Apr 2013 12:03:53 +0000 5817220 at http://www.globalpost.com Monte Paschi prosecutors order seizure of 1.8 billion euros at Nomura http://www.globalpost.com/dispatch/news/thomson-reuters/130416/monte-paschi-prosecutors-order-seizure-18-billion-euros-at-nomu <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Silvia Ognibene</p> <p>SIENA, Italy (Reuters) - Italian prosecutors have ordered the seizure of 1.8 billion euros (1.56 billion pounds) of assets from Japanese bank Nomura &lt;8604.T&gt; as part of a probe into a suspected fraud involving troubled lender Monte dei Paschi di Siena &lt;BMPS.MI&gt;.</p> <p>Prosecutors in the city of Siena said they were investigating Nomura's former top executive in Europe, Sadeq Sayeed, and Raffaele Ricci, managing director in fixed income sales for the EMEA region at the Japanese bank.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130416/monte-paschi-prosecutors-order-seizure-18-billion-euros-at-nomu" target="_blank">read more</a></p> Antonveneta Monte dei Paschi di Siena Siena Thomson Reuters Tue, 16 Apr 2013 14:00:55 +0000 5817376 at http://www.globalpost.com Italy orders 1.8 bn euros seized from Japan's Nomura bank http://www.globalpost.com/dispatch/news/afp/130416/italy-orders-18-bn-euros-seized-japans-nomura-bank <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Italian police on Tuesday were given orders to seize 1.8 billion euros ($2.3 billion) destined for Nomura and placed the former chief of the Japanese bank's European operations under investigation in a fraud probe over a derivatives deal with the troubled bank Monte dei Paschi di Siena.</p> <p>A statement from the prosecutor's office in Siena said it had ordered the seizure of "a total of around 1.8 billion euros from Nomura International" including 88 million euros in commissions and 1.7 billion euros in collateral posted by Monte dei Paschi for Nomura.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130416/italy-orders-18-bn-euros-seized-japans-nomura-bank" target="_blank">read more</a></p> Monte dei Paschi di Siena Sadeq Sayeed Siena AFP Tue, 16 Apr 2013 15:33:24 +0000 5817474 at http://www.globalpost.com Bundesbank rejects Italian bid to freeze Nomura assets - sources http://www.globalpost.com/dispatch/news/thomson-reuters/130419/bundesbank-rejects-italian-bid-freeze-nomura-assets-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>MILAN (Reuters) - The Bundesbank has rejected a request by Italian prosecutors to freeze assets belonging to Japanese bank Nomura &lt;8604.T&gt; and held in Germany, sources with direct knowledge of the matter said on Friday.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130419/bundesbank-rejects-italian-bid-freeze-nomura-assets-sources" target="_blank">read more</a></p> Financial services Monte dei Paschi di Siena Siena Thomson Reuters Fri, 19 Apr 2013 16:30:04 +0000 5820385 at http://www.globalpost.com