# Prof. Ingo Walter on Italian bank Monte Paschi's troubles

1 Faculty News October 24, 2013 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2013-10-24/monte-paschi-born-out-of-black-death-struggles-to-survive.html) -- "The Monte Paschi deals are part of an expanding family of structured transactions that 'depend on lack of transparency, high transaction costs, differences in financial sophistication and the erosion of fiduciary obligations in a world of caveat emptor,' said [Ingo Walter](http://www.stern.nyu.edu/faculty/bio/ingo-walter), a finance professor at New York University’s Stern School of Business."

[Read more](http://www.bloomberg.com/news/2013-10-24/monte-paschi-born-out-of-black-death-struggles-to-survive.html)