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Monte dei Paschi di Siena, World’s Oldest Bank, Nears an End



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SIENA, Italy — Last month Banca Monte dei Paschi di Siena, the world’s oldest bank, acquired another distinction: Europe’s weakest lender.The bank performed worse than any other in a test of its financial health by European regulators, the latest gloomy chapter in a long-running saga of ill-fated deals, financial shenanigans, criminal wrongdoing and even a mysterious death.The stress test by regulators, which showed that a severe recession would wipe out the bank’s capital, has forced the Italian government to face an unpleasant truth: Monte dei Paschi’s five-and-a-half-century run is coming to an end. With prodding …

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