Rome prosecutors extend MPS probe

Investigators looking into possible hampering of oversight

Rome prosecutors extend MPS probe

(see related stories) (ANSA) – Rome, February 1 – Rome prosecutors on Friday extended their probe into the financial scandal at troubled bank Monte dei Paschi di Siena (MPS) to include possible hampering of due supervision by the Bank of Italy and stock-market regulator Consob. On Thursday the prosecutor's office in the capital announced investigations against unnamed suspects into possible market manipulation after MPS, Italy's third biggest lender, disclosed losses of 720 million euros due to a series of shady derivative and structured finance deals. Italy's central bank and Consob are reported to be cooperating fully with the probe. Prosecutors in the Tuscan city of Siena, where the world's oldest bank is headquartered, and in Trani in the southern region of Puglia have also opened investigations into the scandal.

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