Italian bank Monte dei Paschi di Siena has been put under investigation by Italian magistrates in Siena under a law on company responsibility for crimes committed by its staff, a judicial source said on Wednesday.
Prosecutors in Siena, where the 540-year-old lender is based, are looking into allegations of corruption in the 2007 acquisition by Monte Paschi of smaller lender Antonveneta as well as fraud in connection to derivatives trades.
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Siena prosecutor Tito Salerno said in a statement on Wednesday that the probe concerns only the lender's previous management.
(Reporting By Silvia Ognibene, editing by Emilio Parodi)