Connect to share and comment

URGENT ¥¥¥ World's oldest bank reports net loss of 3.2 bn euros in 2012

PlacardEnlarge
(Globalpost/GlobalPost)

Banca Monte dei Paschi di Siena, the world's oldest surviving bank and Italy's third biggest, on Thursday reported a net loss for 2012 of 3.17 billion euros ($4.06 billion).

Of that sum, the ailing bank -- which has been caught up in a derivatives scandal -- registered a loss of 1.591 billion euros in the fourth semester alone, it said in a statement.

ahe/ide/arp

http://www.globalpost.com/dispatch/news/afp/130328/urgent-worlds-oldest-bank-reports-net-loss-32-bn-euros-2012