Monte Paschi told to close Nomura deal, could lose 1 bln euros-press

April 16, 2015 6:58 AM

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MILAN, April 16 (Reuters) - The European Central Bank has told Monte dei Paschi di Siena to close a loss-making derivatives trade with Nomura by end-July in a move that could generate a gross loss of 1 billion euros for the troubled Italian lender, Italian newspapers said on Thursday.

The reports cited a letter laying out the ECB requests and sent by Monte dei Paschi's top management to Milan prosecutors investigating the 2009 derivatives contract, known as Alexandria.

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