A Banca Monte Dei Paschi Di Siena SpA Bank in Pescara

A Banca Monte Dei Paschi Di Siena SpA Bank in Pescara

Marc Hill/Bloomberg

Monte Paschi, Italy’s third-largest lender, has pledged to cut an extra 3,360 jobs and increase capital by 2.5 billion euros as it aims to return to profit this year, a necessary condition under a restructuring plan to avoid surrendering a stake to the government.