MILAN/SIENA (Reuters) - Monte dei Paschi di Siena said the closure of a derivatives contract with Nomura by end-July, as requested by the European Central Bank, could trigger a pre-tax loss of around 1 billion euros ($1 billion), according to a letter from the bank to prosecutors.
In the letter dated Feb 18 and seen by Reuters, Monte dei Paschi said the ECB had told it to close out the loss-making trade known as Alexandria by July 26 "unless a proven legal impediment arose in the future as a consequence of the ongoing civil proceeding or criminal investigation."
Closing Alexandria would stop the bank pressing ahead with any damage-seeking proceedings and would weaken its case in a criminal probe under way in Milan into the trade, it said.
The ECB declined to comment on the issue.
(Reporting by Silvia Ognibene, writing by Stephen Jewkes; editing by Francesca Landini)
Relacionados
- Las agencias de rating europeas se reúnen para analizar su posición frente a Moody's, S&P y Fitch
- Las pequeñas agencias de rating se reúnen para analizar su posición frente a Moody's, S&P y Fitch
- Economía.- Las pequeñas agencias de rating se reúnen para analizar su posición frente a Moody's, S&P y Fitch
- Moody's cree que el BCE podría quedarse sin deuda pública que comprar de algunos países al final del 'QE'
- Economía.- Moody's cree que el BCE podría quedarse sin deuda pública que comprar de algunos países al final del 'QE'
