Paschi Judges Set to Rule on Deutsche Bank, Nomura Sentences
- Banks, former executives prosecuted for market manipulation
- Prosecutor alleges mirror trades helped Paschi cover losses
A statue of Sallustio Bandini, an economist and politician, stands in Piazza Salimbeni in front of the Banca Monte dei Paschi di Siena headquarters in Siena, Italy.
Photographer: Geraldine Hope Ghelli/BloombergThis article is for subscribers only.
It’s finally happening.
After three years and countless hours of testimony, judges in Milan will say on Friday whether executives at Monte Paschi di Siena SpA, Deutsche Bank AG and Nomura Holdings Inc. broke the law to help the Italian bank hide hundreds of millions of euros of losses from the market.