Monte Paschi | GlobalPost

UPDATE 2-IMF says Bank of Italy was vigilant on Monte Paschi

Thomson ReutersFebruary 5, 2013 15:15

By Giselda Vagnoni ROME, Feb 5 (Reuters) - The International Monetary Fund said on Tuesday that Italy's central bank did a good job in its oversight of crisis-hit Monte dei Paschi di Siena, in a boost for ECB chief Mario Draghi, who led the Bank of Italy as Monte Paschi ran into trouble. An IMF team was in Italy until last week to conduct the first part of an assessment of Italy's financial system and Monte Paschi was among the issues it discussed with the BoI.

Italian bankers stood by Monte Paschi chief despite scandal

Thomson ReutersFebruary 1, 2013 14:01

* Ex-Monte Paschi chairman re-elected as bank lobby head despite probe * Enjoyed support of politicians, other bankers as trouble brewed * Forced to quit banking lobby over massive derivatives losses By Giselda Vagnoni ROME, Feb 1 (Reuters) - Giuseppe Mussari, former chairman of Monte dei Paschi, has few friends these days as a scandal swamps the bank. But only a few months ago he was unanimously re-elected as head of Italy's main banking lobby despite questions about his conduct.

UPDATE 3-Italy's Monte Paschi finds no evidence of takeover bribes

Thomson ReutersJanuary 28, 2013 05:30

* CEO Viola criticises former management, vital document not revealed * Says no need of more state aid after 3.9 bln euro package * PM Monti repeats confidence in Bank of Italy By Silvia Aloisi and Lisa Jucca MILAN, Jan 28 (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 accounting irregularities over derivatives deals under previous management.