January 25, 2013 / 10:55 PM / 5 years ago

Italy PM says nationalising Monte Paschi "remote" notion

BOLOGNA, Italy (Reuters) - Italian Prime Minister Mario Monti described as a “remote hypothesis” the possibility of Monte Paschi bank being nationalised, when asked to comment on a television talk show on Friday.

Monti was talking to the La7 network as questions grew about central bank oversight of the historic lender following the uncovering of nearly $1 billion (632 million pounds) of losses in complex derivatives deals.

Reporting by Stephen Jewkes; Editing by Robin Pomeroy

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