Comments on:

MontePaschi puts derivative losses at $987 million

Back to the article » |
MILAN (AP) — Embattled Italian bank Monte dei Paschi di Siena put the losses from three derivative trades that were concealed for years at €730 million ($987 million), and assured investors on Thursday that they should not mount. "There are no more Santorinis," CEO Fabrizio Viola told a conference call, referring to the nickname of one of the trades. Viola said two of the transactions were...

To learn more about commenting on and our community guidelines, please see our comments FAQ.