Jail terms for 13 bankers over Monte Paschi scandal

Irish Times | Nov 10, 2019 at 1:12 PM
  • Thirteen former bankers from Monte dei Paschi di Siena, Nomura and Deutsche Bank were sentenced to jail on Friday after a case that shook Italy’s establishment and fomented the rise of populism in the country.
  • Judges delivered a seven-year jail term to former Monte dei Paschi managers Giuseppe Mussari and Antonio Vigni, and five years for former Deutsche managers Michele Faissola, Michele Foresti and Dario Schiraldi.
  • Monte dei Paschi’s former managers, chairman Giuseppe Mussari and chief executive Antonio Vigni were accused of colluding with Deutsche Bank and Nomura to hide losses.