epa04465101 Customers use an ATM outside of a branch of Lloyds Bank in London, 26 October 2014. Europe’s banking authorities published the results on 26 October 2014 of a detailed stress test, showing the overall health of bank balance sheets and the ability of the main financial institutions to withstand economic turbulence. The institutions being tested include Germany’s Deutsche Bank and Commerzbank, French lenders BNP Paribas and Societe Generale, British banks Royal Bank of Scotland, HSBC, Lloyds Banking Group and Barclays, and Italy’s Monte dei Paschi di Siena, among others. None of the British banks failed the test, but Lloyds passed narrowly. EPA/HANNAH MCKAY

Italy’s Treasury has not ruled out extending repayment deadlines on hundreds of millions of euros in state aid to help troubled lender Banca Monte dei(...)

 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 (...)

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(...)