Italy's Monte dei Paschi di Siena said its new management was not the target of any judicial investigation and that accusations it misled regulators had not been considered legally relevant by ... more 
Italy's Monte dei Paschi di Siena said its new management was not the target of any judicial investigation and that accusations it misled regulators had not been considered legally relevant by prosecutors probing the bank's former executives. The stock market flicked between small gains and losses after the government reported a plunge in new-home sales. A boom in housing has supported this year's rally in stocks. Now, the drop in sales has traders worried that the U.S. housing recovery could falter because of higher mortgage rates. The announcement comes five years after the Dutch government bailed out ABN Amro after a consortium of European banks acquired the firm for around 72.2 billion euros, or $99 billion. less 
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Fri, Aug 23, 2013 2:50 PM EDT