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Monte Paschi plunges on derivatives loss

2013-01-23 8 Dailymotion

Italy's Banca Monte dei Paschi di Siena is reportedly facing losses of at least 220 million euros from a derivatives deal made three years ago.<br /><br />The reports caused shares in Italy's third biggest lender to plunge. <br /><br />It was already on track to end 2012 deeply in the red with a 1.6 billion euro loss in the first nine months of last year.<br /><br />...<br />http://www.euronews.net/

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