World's oldest bank reports net loss of 3.2 bn euros in 2012

World's oldest bank reports net loss of 3.2 bn euros in 2012

Banca Monte dei Paschi di Siena, the world’s oldest surviving bank and Italy’s third biggest, on Thursday reported a net loss for 2012 of 3.17 billion euros ($4.06 billion).

Of that sum, the ailing bank — which has been caught up in a derivatives scandal — registered a loss of 1.591 billion euros in the fourth semester alone, it said in a statement.

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