Shares slump in world's oldest bank

Italian bank Monte dei Paschi di Siena sought to calm investors over a trading scandal that has caused its share price to slump and led to much finger-pointing ahead of general elections next month.

Former managers of bank Monte dei Paschi di Siena, the world’s oldest running bank, hid complex financial transactions that were revealed later by new management led by Alessandro Profumo, according to Italy’s Central Bank.