Judge blocks seizure of $2.3B of Nomura assets

Apr 27, 2013, 8:26 AM EDT
A view taken on January 25, 2013 in Siena shows the headquarters of the Banca Monte dei Paschi di Siena, the world's oldest bank.
AFP/Getty Images

An Italian judge has rejected an order to seize around €1.8 billion ($2.3 billion) of assets from Japanese bank Nomura as part of a probe into suspected fraud involving troubled Italian lender Monte dei Paschi di Siena, Reuters reports. Prosecutors investigating risky derivatives trades that have endangered the survival of the world's oldest bank ordered the seizure on April 16.