MILAN Oct 14 An Italian court accepted a
request from Banca Monte dei Paschi di Siena to settle
a case revolving round alleged financial crimes by former
managers, a source said on Friday.
The settlement with Monte dei Paschi involves the seizure of
10 million euros and a fine of 600,000 euros, the source said.
In October some former managers at Monte dei Paschi were
among several people ordered to stand trial for a series of
Under Italian law a company can be held responsible if it is
deemed that it failed to prevent, or attempt to prevent, a crime
by an employee that benefited the company.
(Reporting by Manuela d'Alessandro, writing by Stephen Jewkes,
editing Luca Trogni)