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Oldest bank faces investigation for risky trades

25 January 2013 Last updated at 22:28 GMT

Shareholders of the world's oldest bank have approved a plan needed to get a state bailout amid revelations that it concealed loss-making risky trades.

Italy's Banca Monte dei Paschi di Siena and regulators are investigating the trades.

The Bank of Italy defended its role in supervising Italian banks, denying knowledge of the trades.

Alan Johnston reports.