Monte Paschi says reviewing Nomura derivative trade
MILAN Jan 22 (Reuters) - Banca Monte dei Paschi di Siena , Italy's third biggest lender, said on Tuesday a derivatives contract with Nomura is included in a series of structured transactions that are currently under review.
A report in Italian daily Il Fatto Quotidiano said the trade, dubbed Alexandria, would trigger a loss of at least 220 million euros ($292.93 million) in the Italian bank's 2012 accounts.
In a statement Monte dei Paschi said it was completing a review of past structured transactions still in its portfolio and expected to submit it to its board by mid-February.
The bank will provide a timely indication of any possible impact on its capital stemming from those transactions, the statement said.
($1 = 0.7510 euros) (Reporting By Silvia Aloisi)
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Lost Malaysian airliner may have run out of fuel over Indian Ocean : source |
- UPDATE 2-Satellite data shows missing Malaysia plane may have flown thousands of miles-source
- Investigators focus on foul play behind missing Malaysia plane: sources |
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data