Mon, Jan 28, 2013 - Page 15 News List

Italy’s central bank approves Monte Paschi bailout

Reuters, ROME and MILAN, Italy

Visco sidestepped questions about whether Draghi knew about the 2008-2009 derivatives trades, which involved Japanese bank Nomura and Deutsche Bank.

Internal auditors at Monte Paschi had detected anomalies at the bank’s finance department responsible for derivative trades three years ago, Il Sole 24 Ore said on Saturday.

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