09.02.2013 - 08:43 [ Latinos Post ]

Police Seize $54 Million in Italian Bank Probe

(29.01.) The bank, Monte dei Paschi di Siena, has been under fire recently for what the New York Times describes as as „losses from a series of secret transactions that were used to conceal the scope of the bank‘s problems.“ The losses suffered from these transactions add up to around $985 million, the Times said.