Former Italian Prime Minister Silvio Berlusconi was convicted in a wiretapping case related to the 2006 battle for control of Banca Nazionale del Lavoro SpA, the first of three corruption rulings he faces this month.
The Bank of Italy under former Governor Mario Draghi spotted accounting irregularities that allowed Banca Monte dei Paschi di Siena SpA to mask losses more than two years before the lender was forced to say it will have to restate profit.
Antonio Fazio , a former Bank of Italy governor, was sentenced to four years in jail by a Milan court for his role in the takeover attempt of Banca Antonveneta SpA by Banca Popolare Italiana Scrl, lawyer Franco Coppi said today in a telephone interview.
Former Bank of Italy Governor Antonio Fazio and ex-Unipol Gruppo Finanziario SpA Chairman Giovanni Consorte were sentenced to more than three years in jail for their involvement in a failed takeover of lender Banca Nazionale del Lavoro SpA.
Roman Abramovich told a London court in a $6.8 billion-dollar fight with Boris Berezovsky that he didn’t seek an extravagant lifestyle with houses in France and the U.K. before he bought the Chelsea Football Club in 2003.
On the basketball court of Rome’s Liceo Massimo high school about five decades ago, Mario Draghi modeled his playing on that of future Hall of Fame hoopster and U.S. Senator Bill Bradley , then shooting for Olimpia Milano.
Italy may pass a bill today that would shorten the length of trials in the country with Europe’s slowest legal proceedings, possibly ending some corruption cases against Prime Minister Silvio Berlusconi .
For French financial companies, a five-year, 22.3 billion-euro ($32 billion) Italian acquisition binge that made Rome and Parma second homes for BNP Paribas SA and Credit Agricole SA may be coming to an end.