Italian bank Monte dei Paschi di
Siena (MPS) said Thursday that damages from a derivatives trade
should be paid by the Japanese bank Nomura involved in the
transaction.
"If today there is anyone who needs to be concerned, it is
Normura," said Alessandro Profumo.
"Nomura must pay the damages" from the deal known as
Alexandria.
Former executives of MPS and Nomura bank entered into a
contract in July 2009 involving the restructuring of a
complicated financial derivative dubbed Alexandria.
Investigations since then have focused on the role former
bank executives may have played in hiding losses.
MPS was named last year by the European Central Bank after
a health check that showed a 2.1 billion euro capital gap which
the Siena bank is now trying to fill.
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