Italian prime minister Mario says briant in scandal Banca bank of Monte di Siena DEI PASCHI on Thursday, rejected Suggestions, the authorities have found no big trading loss, threat to the bank.
Has won 390 million euro rescue needs, and find platform of electronic PASCHI this week revealed that loss of derivatives transaction costs could be as high as 720 million euros (us $956 million), reeling in a key election campaign center stage.
To hold the bank left-of-center PD party, center-right and most to the left of the politicians soliciting votes ticket in February 24-25 historical connection, have accused PD mismanagement of the bank, and criticism of the tax payers money use briant to save it. PD in the poll lead.
", and find PASCHI worse than parmalat, they tried to save the monte carlo PASCHI and quantity, equal to the Italian payments (house tax) IMU, "the center-right MP stefano Saglia on Thursday said in a report.
Briant replied: "I don't think this is a problem (supervision) supervision." The sideline in a press conference, the world economy BBS in davos, he added that he was ready to discuss problems in parliament.
Monte PASCHI said its board of directors was shocked at how the situation of the use of politicians activities motivation before an election.
"Plate surface of bank capital structure adjustment problems, are in therapy are confused," the bank said. "The situation is completely under control".
The Italian President George giorgio napolitano sent (Thursday) description of the situation, the bank as a "serious problem", and said he believes the Italian Banks deal with cases.
Last Wednesday, the Italian bank have PASCHI said, this has been a detection expensive acquisition smaller rivals Antonveneta in 2007, cooperation and regulators and judicial organs structural industry.
It said the new management, the President alessandro proletarian rich mo, from before it was hidden files. When asked why without being told the Italian bank, the bank chief executive fabrizio viola tell messenger newspaper ", "you should ask them (the old management). I can only speculate. I like to keep them myself. "
Porro rich mo, in Italy's biggest bank joint credit bank former CEO, his new role in April last year monte PASCHI place giuseppe Mussari, and viola CEO on February take over managing director Antonio Vigni.
Mussari to step down head Italian bankers association on Tuesday night. He denied that there is any improper behavior.
In this period of Italian bank governor Mario Della auspicious, the European central bank head now.
The Italian ministry of finance said on Thursday, have not meet PASCHI conditions receive about 390 million euro loans have been authorized, but haven't delivered, and added, the Italian bank also need to give their opinion.
The major shareholder of foundation have table of electronic PASCHI di Siena spokesman told Reuters, it does not rule out the to take legal action, it depends on the ongoing analysis result.
More surprise?
Have PASCHI shares closed down 8% at 0.2333 euros on Thursday, the bank's valuation of about 280 million euros, Italy a small part of the total tax payers are required to pump into. Share prices have dropped their value within a week of one 5.
The latest deal is found that the so-called "Alexander" Bank of Japan nomura securities, Deutsche Bank, Deutsche Bank) and derivative called "pay attention to Italy", some of the sources of structure is by JP Morgan "santorini," trade and trade. JP Morgan refused to comment on the report.
Comment on the industry of the survey results, is expected to middle of February will be submitted to the board of directors of the bank.
Ubs said on Thursday in a research report, included in the estimate loss for 7.2 million euros of derivatives transactions, to be more clear, and promote the whole year is expected to more than 200 million euros (pounds) damage.
, "who asked not to be named a analysts said," because the bank statement about the three products sole analysis, sorrow is there may be more scared in the market.
Viola, tell messenger newspaper said the three products have been submitted to the bank's board of directors, management now open a drawer for the bank safe. "He said," but I think we are very close to the completed work (cleaning).
The bank said, 5 million euros in November of the additional state aid request will be enough to absorb the smash the capital structure of the industry, this is the huge 2.4 billion euros Italian government bonds portfolio.
Nine common cause of failure of Bearings
Bearing failure during operation is often the case, so no big deal. A fault occurs; it is determined and processed is critical. Today we explain FAG Bearings common failure reason.
1. The bearing temperature is too high: the operation of the institutions, the installation of the bearing parts are allowed a certain temperature is normal, should not feel hot when stroking institutions housing, otherwise the bearing temperature.
 
Bearing temperature: the lubricant quality does not meet the requirements or deterioration, lubricant viscosity is too high; institutions assembly too tight (lack of space); tight bearing assembly; rotation of the bearing seat on the shaft or shell; overload large; bearing retainer or rolling body fragmentation.
read more information or techniques of bearings SKF FAG NSK TIMKEN INA 6002 6230 6300 6905 here http://www.tanchin.hk
"Bank also faced with some serious challenges, the asset quality deterioration, are erosion their capital base. It's nationalization of the risks and opportunities may require that the holder of a bond is collective burden bank restructuring bank analysts said," who asked not to be named.
The bank's board of directors meeting on Thursday, Friday shareholders vote cash support countries need to rescue call paved the way.
On Thursday, the Italian Treasury secretary vittorio Grilli said, there is no sign that the Italian other Banks may face similar problems in monte PASCHI.
"This is an isolated incident and I also didn't see any reputation risk for other Italian bank this is much more solid than foreign Banks in the exposure derivatives," said giovanni parisi, fiori in Rome, the course of ppi forest LUISS guido CARLI university professor of accounting and business study.
 



Other News:
Italy's Monti steps into Monte Paschi scandal
Wis. sheriff urges citizens to get gun training
Apple bend to the $500B Market Cap Curse
Starwood, investment firm, to buy LNR Property
Survival Odds Grim for Native Plants Fighting Invaders
Cyprus signs gas drilling deal with consortium
U.S. begins transporting French troops, equipment to Mali
Kuwait lawmakers clear airline privatization plan