An Italian judge has turned down a request from prosecutors to seize €1.95B ($2.5B) of assets...

|By:, SA News Editor

An Italian judge has turned down a request from prosecutors to seize €1.95B ($2.5B) of assets held by Japanese bank Nomura (NMR) as part of a criminal investigation into possible fraud and usury at Monte dei Paschi di Siena. Nomura has been accused of collaborating with former Monte dei Paschi executives to create one of two derivatives in 2008 and 2009 that hid losses of up to €557M.