Monte Paschi says lawsuit versus Nomura, Deutsche Bank well founded
SIENA, Italy (Reuters) - A lawsuit by Italy's Monte dei Paschi di Siena against Nomura (8604.T) and Deutsche Bank (DBKGn.DE) over loss-making derivatives deals is well founded, the bank's chairman said on Monday.
The Tuscan lender is seeking 1.2 billion euros in compensation from former executives and the two investment banks over two trades that exacerbated a capital shortfall and brought it close to collapse.
Monte Paschi Chairman Alessandro Profumo told reporters his bank's lawsuit had not been weakened by a judge ruling on Friday which rejected a seizure order against Nomura made by Siena prosecutors.
"We consider our compensation claim well founded." Profumo said, declining to comment further on the judge's ruling.
- FBI, Secret Service investigate reports of cyber attacks on U.S. banks
- Breakthrough hopes dented as Ukraine accuses Russia of new incursion |
- Gaza truce holding but Israel's Netanyahu under fire at home |
- Zach Galifianakis, Louis C.K. comedy show 'Baskets' picked up by FX
- U.S. seeks coalition against Islamic State, but military partners no sure bet