Italy's Banca Monte dei Paschi di Siena is reportedly facing losses of at least 220 million euros from a derivatives deal made three years ago.
The reports caused shares in Italy's third biggest lender to plunge.
It was already on track to end 2012 deeply in the red with a 1.6 billion euro loss in the first nine months of last year.
...
http://www.euronews.net/
