On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
63° Feels Like: 63°
Wind: SW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 59°

Tomorrow

Sunny 82°

Thurs Night

Clear 63°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Italy prosecutor probing only previous Monte Paschi management

People are reflected in the window of a Monte Dei Paschi Di Siena bank in Rome January 29, 2013. out. REUTERS/Max Rossi
People are reflected in the window of a Monte Dei Paschi Di Siena bank in Rome January 29, 2013. out. REUTERS/Max Rossi

SIENA, Italy (Reuters) - A probe by Italian magistrates into scandal-hit bank Monte dei Paschi di Siena concerns only the lender's previous management, Siena public prosecutor Tito Salerno said in a statement on Wednesday.

Prosecutors in Siena, where the 540-year-old lender is based, are investigating allegations of corruption in the 2007 acquisition by Monte Paschi of smaller lender Antonveneta as well as fraud in connection to derivatives trades.

(Reporting By Silvia Ognibene)

Comments