The Briefing Room
General Category => World News => Topic started by: rangerrebew on January 24, 2017, 04:00:36 pm
-
REVEALED: Deutsche Bank made £367m VANISH in shady sinkhole deal with failing Italian bank
GERMANY's largest lender made a 'sinkhole' of £367m in losses disappear on behalf of Italy's crumbling Banca Monte dei Paschi di Siena, it has been revealed.
By Siobhan McFadyen
PUBLISHED: 14:48, Tue, Jan 24, 2017 | UPDATED: 15:05, Tue, Jan 24, 2017
And it's alleged the whopping transaction was processed during the 2008 market crash in a bid to keep investors in the dark.
Paschi is about to be taken over by the Italian government in the biggest bank bail out since the 1930s.
http://www.express.co.uk/news/world/758298/Deutsche-Bank-Banca-Monte-dei-Paschi-di-Siena-derivatives-book-Milan-corruption-case