UPDATE 1-Monte Paschi says Nomura exposure more than one third of capital

April 10, 2015 10:48 PM

69 0

MILAN, April 10 (Reuters) - Italian bank Monte dei Paschi di Siena said on Friday it had overstepped regulatory limits with regards to its financial exposure to Japanese bank Nomura, in a surprise disclosure that could raise questions about whether the Italian lender's plans to raise capital and seek a buyer are on track.

Monte dei Paschi di Siena, Italy's third largest bank, said in a statement that it was looking at all possible measures to cut the exposure, or potential risk related to loans to Nomura, which it said equalled more than one third of its core capital at the end of last year.

Also read: Last Known Person Born in 19th Century Dies at 117

Read more

To category page