MPS posts 1.150-bn-euro losses for first nine months of 2014

Losses for 797 millions in three months

(ANSA) - Milan, November 12 - Troubled Italian bank Monte dei Paschi di Siena (Mps) on Wednesday reported losses amounting to 1.150 billion euros for the first nine months of 2014. In the last three months of the period MPS incurred losses equal to 797 million euros, it said.
    The bank stressed that the plunge was linked to it failing the European Central Bank (ECB)'s recent stress tests. The ECB said MPS had a capital shortfall of around 1.2 billion euros.
   

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