Monte Paschi raised aid demand due to trade loss

Associated Press
Monte Paschi raised aid demand due to trade loss

Monte dei Paschi di Siena bank CEO Fabrizio Viola touches his face as he pauses before answering a reporter's question during a press conference at the Foreign Press Association in Milan, Italy, Monday, Jan. 28, 2013. Viola says the embattled bank increased its request for government aid by 500 million euro (672 million dollars) after incoming managers found a document in a company safe in late October indicating trading losses. Viola says the document tied together two complex financial trades that had until then seemed unrelated. He says neither had been accounted for on the books. Montipaschi is investigating three complex loss-making financial transactions that have become fodder for the campaign for next month's national elections. (AP Photo/Antonio Calanni)

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