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A third transaction, dubbed
''Nota Italia" and dating from 2006, also was related to Italy's sovereign debt, and had recently been restructured, the bank said. None of the transactions received -- or required -- approval by the board, the bank said. The Bank of Italy said former managers of the bank hid the ''Alexandria" transaction. It said in a statement that it discovered the transaction, first reported by the daily
''Il Fatto Quotidiano," ''only recently after hidden documents were found" by the bank's new management. The central bank said both its oversight division and judicial authorities were reviewing the transactions. Italian Economic Minister Vittorio Grilli said separately that the government had been aware of problems at the bank for at least a year.
[Associated
Press;
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