The largest American and European banks helped Parmalat hide losses
Italian investigators who are dealing with the financial fraud of the Parmalat concern, which allowed the leadership for many years to overstate profits, called "suspicious" banks and financial institutions that participated in financial schemes. According to Wall Street Journal , under suspicion of Parmalat’s relationship with such famous American and European banks as Citigroup, Deutsche Bank, Morgan Stanley, Bank of America and UBS.