How a $450 Million Loss Was Hidden From Sight

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Added 3 years ago by intercd

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11 years after one of Europe’s biggest banking scandals, 13 executives have been sentenced and financial penalties of $175 million have been dealt. Bloomberg investigates how Deutsche Bank and Monte Dei Paschi cooked their books to make a half billion dollar loss disappear.

Reporting by Elisa Martinuzzi

For more about the Monte Paschi scandal:
https://www.bloomberg.com/opinion/articles/2019-11-11/why-deutsche-bank-s-monte-paschi-scandal-still-matters

#BWStorylines #TrueCrime

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