Italy appeals court acquits all defendants, Deutsche Bank, Nomura in derivatives case

div classBodysc17zpet90 cdBBJodivpMILAN Reuters – An Italian appeals court on Friday acquitted all defendants, Deutsche Bank and Nomura over derivative deals that prosecutors say helped Monte dei Paschi di Siena hide losses in one of the countrys biggest financial scandals.p

pThe verdict, read in court on Friday by lead judge Angela Scalise, overturned a previous ruling in the case and also canceled seizures previously imposed on Deutsche Bank and Nomura Holdings Inc for respectively 64.9 million and 88 million euros.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pMonte dei Paschi had reached a settlement with the court over the case in 2016 at a cost of 10.6 million euros 11.2 million.p

p1 0.9451 euros p

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pp Reporting by Alfredo Faieta and Emilio Parodi, writing by Maria Pia Quaglia Editing by Keith Weirp

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