Monte Paschi had a fourth-quarter net loss of €920.7 million, down from a €1.6 billion loss a year earlier. Photograph: Alessia Pierdomenico/Bloomberg

Banca Monte dei Paschi di Siena posted a seventh straight loss on bad-loan provisions and reorganisation costs, as the bailed-out lender moved (...)

A young boy works at a trading post on the floor of the New York Stock Exchange yesterday. Traders traditionally bring their children to work for the half day of trading on the day after the Thanksgiving holiday. Photograph: Reuters/Brendan McDermid

Markets had a quiet day yesterday, taking their lead from the US, where the Thanksgiving holiday continued to set the mood. In Europe, positive news o(...)

In the new plan, the bank’s second in 18 months, Monte dei Paschi said it would shed around an additional 3,400 jobs and target €440 million of cost cuts. Photographer:  Marc Hill/Bloomberg

Bowing to European Union requests, loss-making Italian bank Banca Monte dei Paschi di Siena unveiled thousands of new job cuts yesterday and asset sal(...)