Court orders finance boss release

Italy’s Supreme Court ordered the immediate release from house arrest of former Banca Monte Paschi di Siena finance chief Gianluca Baldassari, one of his lawyers said yesterday. The former head of finance at the scandal-plagued bank is accused along with two other former executives of concealing Monte Paschi’s losses from lending regulator the Bank of Italy. Lawyers are investigating if Monte Paschi’s former management misled regulators.

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