Few Italian operas come as epic as Banca Monte dei Paschi di Siena SpA. Thanks to an ill-timed and hubristic takeover as well as some questionable accounting practices, the 544-year-old pillar of Siena is on the brink of an ignominious nationalization. The final act, though, will drag on. One Italian official presented the outline of Monte Paschi’s rescue to ...

  The imminent failure of Italy’s third-largest bank, Monte dei Paschi di Siena, is finally bringing the country’s long-festering banking crisis to the center of European leaders’ attention. This may be a blessing in disguise, offering the best chance yet to achieve a lasting solution — and even strengthen the European Union. Italy’s financial woes have been years in the ...

  Syrian troops reclaimed rebel-held east Aleppo. The residents anxious to return to their homes entered into the war-ravaged city after the regime’s announcement of full control of the city. Assad army recaptured the former rebel stronghold after a landmark evacuation deal that saw thousands of opposition fighters and residents bussed out. The evacuation operation ended more than four years ...