Fri Mar 8, 2013, 02:33 AM
DeSwiss (27,137 posts)
Italy's MPS bank's David Rossi found dead in Siena
BBC | 7 March 2013 | Last updated at 05:17 ET
The Monte dei Paschi di Sienna Monte dei Paschi is the world's
oldest surviving bank
The communications director of troubled Italian bank Monte dei Paschi di Siena (MPS) has died in an apparent suicide. David Rossi's body was found beneath an open window at the bank's 14th Century headquarters in Siena.
Mr Rossi was among several MPS employees whose homes and offices were searched by police last month - though no charges were brought against him. MPS, which is the world's oldest surviving bank, is at the centre of fraud and corruption allegations.
Investigations are under way into how hundreds of millions of euros went missing amid risky investments in complex financial deals. The bank has needed a multi-billion-euro bailout from the Italian state to help cover its losses.
"The death of David Rossi is a terrible tragedy," Monte dei Paschi said on its Facebook page.
Read more: http://www.bbc.co.uk/news/world-europe-21697412
- Whenever banker's start committing ''suicide'' I've found that it is a great time to pay more attention.
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Italy's MPS bank's David Rossi found dead in Siena (Original post)
|Ken Burch||Mar 2013||#10|