Monte Paschi probe to widen as Italian election nears
ROME (Reuters) – A plan by Italy’s central bank to use bonds to bail out the troubled Monte Paschi bank can go ahead, a court ruled on Saturday, as a scandal surrounding the world’s oldest lender looked likely to widen three weeks before a national election. Magistrates in three cities investigating the Tuscan bank were poised to issue new summonses for more witnesses to give information next week following testimony by a raft of bankers in the past few days, leading newspapers said. . . .
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