MILAN Jan 28 Scandal-hit Italian bank Banca
Monte dei Paschi di Siena faces losses of around 550
million euros ($741.1 million) from two derivatives trades,
according to a review by external consultants Eidos and
PricewaterhouseCoopers cited by Italian daily La Stampa
The bank could not be immediately reached for comment.
Italy's third-biggest lender, which needs state loans to
stay afloat, last week said opaque derivatives trades, conducted
between 2006 and 2009, could cost it up to 720 million euros.
The bank said a review of trades and their impact on its
accounts was due to be completed in the first 10 days of
The newspaper did not specify whether the figure was a
bottom-line loss on the bank's 2012 accounts or the overall loss
linked to the two trades.
At least one more trade is still under review, the newspaper
said, adding that the impact on the bank's accounts was expected
to be limited.