Timeline of Monte Paschi's Downfall

Timeline of Monte Paschi's Downfall Play

Oct. 25 (Bloomberg) -- Banca Monte dei Paschi di Siena SpA's government bailouts and legal probes expose how the purchase of Banco Antonveneta SpA stretched Monte Paschi's finances, setting off a chain of events in which the bank used derivatives to hide trading losses. Bloomberg's Niki O'Callaghan reports on the missteps that led Italy's third-largest lender to the brink of nationalization. (Source: Bloomberg)

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