Nomura sues Monte Paschi

Nomura Holdings filed a claim in London against Banca Monte Paschi di Siena the same day Italy's third-biggest bank lodged a suit against it in an Italian court in a dispute about derivatives. Nomura filed a claim on March 1, the same day Monte Paschi lodged separate suits in Florence seeking damages over two derivative contracts dubbed Alexandria and Santorini, arranged respectively by Nomura and Deutsche Bank.

By InvestSMART · 11 Mar 2013

By InvestSMART ·
11 Mar 2013

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Frequently Asked Questions about this Article…

What legal action did Nomura and Banca Monte Paschi di Siena take regarding derivatives?

Nomura Holdings filed a claim in London against Banca Monte Paschi di Siena, while Monte Paschi lodged separate suits in an Italian court in Florence. Both actions relate to a dispute about derivative contracts.

When were the claims between Nomura and Monte Paschi filed?

Nomura filed its claim on March 1, the same day Monte Paschi lodged its separate suits in Florence over the derivative contracts.

Which derivative contracts are at the centre of the dispute between Nomura and Monte Paschi?

The dispute involves two derivative contracts nicknamed Alexandria and Santorini, which are the subject of Monte Paschi’s suits seeking damages.

Who arranged the derivative contracts called Alexandria and Santorini?

According to the article, the Alexandria contract was arranged by Nomura and the Santorini contract was arranged by Deutsche Bank.

Where were the legal claims filed in this dispute?

Nomura filed its claim in London, while Monte Paschi filed separate suits in Florence, Italy.

Is Banca Monte Paschi di Siena a major Italian bank?

Yes — the article refers to Banca Monte Paschi di Siena as Italy’s third-biggest bank.

Does the article say why both parties filed suits on the same day?

The article notes that both filings happened on the same day (March 1) but does not provide an explanation for why they were filed simultaneously.

Does the article provide outcomes or financial impacts of the Nomura–Monte Paschi derivatives dispute?

No — the article reports the filings and identifies the contracts involved but does not include information about legal outcomes, settlement details, or wider financial impacts.