Italy court postpones derivatives trial verdict on ex Monte Paschi execs

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Banca Monte dei Paschi di Siena Chairman Alessandro Profumo (L) and Chief Executive Officer Fabrizio Viola attend a news conference at the company's headquarters in Siena May 10, 2012..

MILAN, Nov 27 (Reuters) - An Italian appeals court on Monday postponed its verdict in the case of three former executives of Banca Monte dei Paschi di Siena (BMPS.MI) over derivative deals blamed for playing a part in the downfall of the Tuscan lender...

The verdict is being closely watched by investors in Monte Paschi since the derivatives cases, together with losses suffered by MPS during the euro zone debt crisis, had threatened to destabilise Italy's financial industry and forced the lender to seek an 8 billion euro bailout in 2017...

Full story at Reuters | 

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