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Italy Tries to Fix a Chronic Problem: Slow Courts

September 10, 2021, 9:00 am
Italy Tries to Fix a Chronic Problem: Slow Courts
ROME—In 2009, Italian prosecutors began investigating Bank of America Merrill Lynch and one of its employees after a regional authority suffered losses on a derivative contract it had signed with the bank. A full decade later, after spending years in court under the threat of heavy fines and long jail terms, everyone accused was acquitted, with judges ruling that no crime had taken place.
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