Banca Monte dei Paschi di Siena controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Santorini and Alexandria derivatives controversy
Derivative arrangements associated with Santorini and Alexandria were disclosed after the bank's new board found documentation that had not been fully communicated to auditors and regulators. The transactions were alleged to have concealed or deferred recognition of substantial losses, leading to market turmoil, management departures, state support and criminal proceedings.