Monte dei Paschi Profit Beats Expectations

Banca Monte dei Paschi di Siena exceeded profit expectations in the second quarter. Rival lender Banco BPM last week dropped a proposal to Monte Paschi to start merger discussions. Bloomberg's...

By Bloomberg Markets · Bloomberg Markets

Banca Monte dei Paschi di Siena exceeded profit expectations in the second quarter. Rival lender Banco BPM last week dropped a proposal to Monte Paschi to start merger discussions. Bloomberg's Steven Arons reports. (Source: Bloomberg)