Nomura Offices Searched as Siena Expands Paschi Derivative Probe

Nomura Offices Searched as Siena Expands Paschi Derivative Probe

Alessia Pierdomenico/Bloomberg

Monte Paschi’s former managers are being investigated for obstructing regulators and colluding to hide a document that showed how the world’s oldest lender entered into a derivative with Nomura in 2009 to conceal earlier losses, a court filing shows.