maandag 3 november 2014

Monte dei Paschi di Siena’s Former Executives Sentenced to 3.5 Years in Prison - NYTimes.com

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SIENA, Italy — Three former managers blamed for the crisis that has befallen the world’s oldest bank, and devastated the community whose economy depended on it, were sentenced on Friday to jail time and banned from public office for five years.The executives of the bank, Monte dei Paschi di Siena, were accused of hiding a convoluted derivatives contract that helped it conceal its losses.

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