Monte Paschi Posts Yearly Profit After Restating Accounts

  • Without restatement, bank would have suffered loss for 2015
  • World's oldest bank seeking buyer under regulatory pressure

Banca Monte dei Paschi di Siena SpA, the Italian bank seeking a buyer, swung to a profit of about 390 million euros ($427 million) for 2015 after regulators ordered it to restate a derivative transaction. The shares rose.

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