Nomura seeks to contest Monte dei Paschi in London

Monte dei Paschi (MPS), the world's oldest bank, is challenging the Japanese bank Nomura and two former MPS executives for €700m.

Nomura began proceedings in Britain's High Court on March 1, the same day that Italy's scandal-hit Monte dei Paschi filed a damages claim in a Florence court, the source said, speaking on condition of anonymity.

(Reuters)