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The Bank of Italy has accused the nation’s third largest bank, Monte dei Paschi, of providing false documentation about its crisis, which was triggered by calamitous derivative operations under former chairman Giuseppe Mussari (2006-2010).
On Tuesday, Mussari resigned from the presidency of the Italian Banks Association and yesterday, trading in the Siena bank’s shares was suspended after their value dropped 9 per cent.
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A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
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