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Italy prosecutors seek JPMorgan indictment:Report

Wednesday, 2 Oct 2013 | 8:50 PM ET
Adam Jeffery | CNBC

Siena prosecutors requested that JPMorgan Chase & Co stand trial for obstructing regulators as part of a wider probe into Banca Monte dei Paschi di Siena SpA's purchase of Banca Antonveneta SpA, Bloomberg reported citing people familiar with the matter.

According to the Bloomberg report, prosecutors allege JPMorgan withheld information from Italian regulators about a 1 billion euro ($1.36 billion) financing the New York-based bank arranged for Monte Paschi's takeover of Antonveneta in 2008.

(Read more: JPMorgan settlement could wipe out Q3 earnings)

JPMorgan's settlement talks
Attorney General Eric Holder and JPMorgan CEO Jamie Dimon met on Thursday to work out a solution to legal issues surrounding the bank's mortgage-backed securities. CNBC's Kate Kelly reports there was progress at this morning's meeting.

JPMorgan failed to oversee employees properly, according to the indictment request, Bloomberg reported citing sources.

Prosecutors also are seeking indictments against former Monte Paschi managers for obstructing regulators, market manipulation and falsifying filings, Bloomberg reported, citing people familiar with the matter.

(Read more: JPMorgan nears multibillion-dollar mortgage settlement: NY Post)

JPMorgan could not be immediately reached for comments.

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