EU Lawmakers Criticize Deutsche Bank's Monte Paschi Derivative

EU Lawmakers Criticize Deutsche Bank's Monte Paschi Derivative

Alessia Pierdomenico/Bloomberg

Monte Paschi said yesterday it will hold a “thorough” review of its accounts after Bloomberg News reported that Germany’s largest bank loaned Monte Paschi about 1.5 billion euros in December 2008 through a deal that helped the Italian lender mitigate a 367 million-euro loss from an older derivative contract with Frankfurt-based Deutsche Bank.