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12/15/2016 11:37 PM
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Report Copyright Violation | Deutsche Bank, Nomura Begin Trial in Monte Paschi Collusion Case....(spoiler alert: THEIR FUCKING GUILTY) [ link to www.bloomberg.com (secure)] Two firms accused of conspiring to mask Monte Paschi’s losses Trial comes as Italian lender struggles to avoid new bailout Deutsche Bank AG and Nomura Holdings Inc. went on trial in Milan, accused of colluding with Banca Monte dei Paschi di Siena SpA to cover up losses that almost toppled the Italian lender years before its current battle for survival. More in link Thread: Deutsche Bank May Have Rigged Index in Paschi Deal, Audit Shows Threads from October [ link to www.godlikeproductions.com] Thread: Deutsche Bank Mismarked 37 Deals Like Paschi’s, Audit Says __ BBG story today Deutsche Bank May Have Rigged Index in Paschi Deal, Audit Shows [ link to www.bloomberg.com (secure)] Bankers face trial over deal prosecutors say was fraudulent Deutsche Bank AG employees may have manipulated internal indexes as part of an allegedly fraudulent scheme to help Banca Monte dei Paschi di Siena SpA conceal losses, according to an audit commissioned by German regulators. The study, requested by watchdog Bafin and seen by Bloomberg, says an internal Deutsche Bank review described “abnormalities” in the values of proprietary indexes used to set the price for the Monte Paschi deal in December 2008. While investigators at the Frankfurt-based bank couldn’t “unequivocally” link that to manipulation or the deal’s outcome, Deutsche Bank didn’t have any guidelines for monitoring the indexes for potential rigging, according to the audit. More in link .... :4hlick: |
