Monte Paschi Has Fourth Straight Quarterly Loss as Revenue Drops

Monte Paschi Has Fourth Straight Quarterly Loss as Revenue Drops

Alessia Pierdomenico/Bloomberg

Banca Monte dei Paschi di Siena SpA, founded in 1472, won shareholder approval last month to sue former managers over derivatives hiding more than 700 million euros of its losses and lying at the center of a fraud probe by Italian prosecutors.