Headline Details

Monte dei Paschi reports 3.1 billion euro loss as state steps in

Published on: Fri, 11 Aug 2017 18:09:20 UTC
News Agency: Reuters
Description:
MILAN (Reuters) - Monte dei Paschi di Siena reported a 3.1 billion euro ($3.7 billion) second-quarter loss after additional writedowns on the bad loans Italy's fourth biggest bank is selling as part of its bailout by the state.

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