Wednesday, July 24, 2013

Monti wants investigation to Monte dei Paschi - AD.nl
The promised aid for the ailing Italian bank Monte dei Paschi di Siena may be delayed by the hundreds of millions of possible losses india foods on derivatives that the bank concealed. Prime Minister Mario Monti wants the Italian india foods central bank investigation into the conduct of the bank.
World's oldest bank issued this week to potentially 700 million to losses on derivatives structures that were concealed from the regulator, the Banca d'Italia. Who gave then to be deceived. Late last year the Italian government Monte dei Paschi promised 3.9 billion in emergency loans to the demise of the bank to avoid. Established in 1472 That promise plays by new scandal at the bank now an increasingly important role in the Italian campaign. Former Prime Minister Silvio Berlusconi Monti is hard on the promised aid, while many Italians see the Monte dei Paschi bank as the PD of ex-communists and progressive Catholics, currently leading in the polls. A foundation with PD municipal india foods administrators in leadership is a major shareholder of the bank. However, india foods PD leader Pier Luigi Bersani stressed that his party is against derivatives trading for years. Analysts expect the final decision on the State aid is left to the new government. Critics also focus increasingly on Mario Draghi, the current india foods president of the European Central Bank (ECB). He was president of the Bank of Italy in the period that the derivatives transactions took place between 2006 and 2009. Monte dei Paschi Friday showed themselves know the situation at a shareholders 'control' to have. Shareholders voted at the meeting with plans to fresh capital to pick. 6.5 billion These measures are a prerequisite for the aid. Also Take a subscription to the AD
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