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Italy’s Monte dei Paschi di Siena cuts losses

Italy's troubled Monte dei Paschi di Siena (MPS) bank said it had cut its losses by more than 67 per cent year-on-year for the first nine months of 2013. ||| Rome - Italy's troubled Monte dei Paschi di Siena (MPS) bank said Thursday it had cut its losses by more than 67 per cent year-on-year for the first nine months of 2013. The lender chalked up a net loss of 518 million euros (697 million dollars) from January to September, compared to a 1.
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