On Air Now

Listen

Listen Live Now » 101.1 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
43° Feels Like: 35°
Wind: NE 17 mph Past 24 hrs - Precip: 0.12”
Current Radar for Zip

Tonight

Partly Cloudy 43°

Tomorrow

AM Clouds/PM Sun 54°

Wed Night

Partly Cloudy 44°

Alerts

Monte Paschi says considering legal action to protect business

Monte Dei Paschi bank headquarters is pictured in Siena January 25, 2013. REUTERS/Stefano Rellandini
Monte Dei Paschi bank headquarters is pictured in Siena January 25, 2013. REUTERS/Stefano Rellandini

MILAN (Reuters) - Italian bank Monte dei Paschi said on Friday it is considering legal action against anyone who damages its commercial activity or spreads false information about the bank.

In a statement, the bank said it had become the target of "attacks of various kinds involving, in certain circumstances, employees, creating considerable problems in the normal course of business.

It said it was considering civil and penal action.

Italy's third-biggest lender is at the center of a widening scandal over concealed derivatives trades. The bank is dependent on 3.9 billion euros of state loans.

The derivative trades are at the heart of a fraud probe into former management of the world's oldest bank and have raised doubts about the effectiveness of banking supervisors and the role of politicians, who agreed the state bailout for the bank.

(Reporting by Francesca Landini)

Comments