Ex-Deutsche Bank, Nomura Bankers Get Jail for Paschi Roles
- Italian judge passes sentences of up to almost 8 years
- Bankers accused of using derivatives to help bank hide losses
Photographer: Alessia Pierdomenico/Bloomberg
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Italy took a hard line against bankers involved in helping Banca Monte dei Paschi di Siena SpA falsify its accounts, sentencing 13 executives and managers to jail terms and fining the banks that worked with the Italian lender.