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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

April 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.

Monte Paschi prosecutors order seizure of 1.8 billion euros at Nomura

April 16, 2013 12:30
By Silvia Ognibene and Steve Slater SIENA/LONDON, Italy (Reuters) - Italian prosecutors said they have ordered the seizure of 1.8 billion euros (1.56 billion pounds) of assets from Japanese bank Nomura <8604.T> as part of an investigation into a suspected fraud involving troubled lender Monte dei Paschi di Siena <BMPS.MI>.

Monte Paschi prosecutors order seizure of 1.8 billion euros at Nomura

April 16, 2013 10:00
By Silvia Ognibene SIENA, Italy (Reuters) - Italian prosecutors have ordered the seizure of 1.8 billion euros (1.56 billion pounds) of assets from Japanese bank Nomura <8604.T> as part of a probe into a suspected fraud involving troubled lender Monte dei Paschi di Siena <BMPS.MI>. 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.

Monte Paschi seizure freezes "Alexandria" contract - source

April 16, 2013 06:45
ROME (Reuters) - The seizure of assets as part of a probe into suspected fraud against Italy's Monte Paschi <BMPS.MI> has frozen the so-called "Alexandria" derivatives contract with Japan's Nomura <8604.T>, a source close to the investigation said on Tuesday. "The seizure order interrupts the validity of the contracts so they cease to have effect," the source said. "The contracts have been frozen, so receipts and payments are suspended."

Monte Paschi seizure freezes "Alexandria" contract - source

April 16, 2013 06:45
ROME (Reuters) - The seizure of assets as part of a probe into suspected fraud against Italy's Monte Paschi <BMPS.MI> has frozen the so-called "Alexandria" derivatives contract with Japan's Nomura <8604.T>, a source close to the investigation said on Tuesday. "The seizure order interrupts the validity of the contracts so they cease to have effect," the source said. "The contracts have been frozen, so receipts and payments are suspended."

Italian judges order seizure of 1.8 billion euros in Monte Paschi probe

April 16, 2013 04:45
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 <BMPS.MI>, prosecutors said on Tuesday. 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 <8604.T>.

Monte Paschi's former finance chief returns to jail

March 17, 2013 05:15
FLORENCE, Italy (Reuters) - An Italian judge on Sunday ordered the former head of Monte dei Paschi's <BMPS.MI> 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. Judicial sources with direct knowledge of the case said Baldassarri, who had been released on Saturday night, would be detained in Milan.

UPDATE 3-Police investigate death of Monte Paschi spokesman

March 6, 2013 21:00
* Bank spokesman found dead late on Wednesday * Body found beneath open window of bank headquarters * Prosecutors said investigating possible suicide By Silvia Ognibene 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.

Monte Paschi's spokesman found dead - judicial source

March 6, 2013 18:45
FLORENCE, March 6 (Reuters) - The spokesman of Monte Paschi di Siena, the Italian bank at the center of an investigation into alleged corruption and fraud, was found dead at the bank's Siena headquarters, a judicial source told Reuters on Wednesday. David Rossi was the head of the bank's communications unit. A witness told Reuters his body, which had been covered with a sheet, lay beneath an open window overlooking a courtyard outside the building, a restored 14th century fortress.
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