Bloomberg Banca Monte dei Paschi di Siena SpA swung to a small quarterly profit as new Chief Executive Officer Luigi Lovaglio seeks to revamp the bailed-out bank ahead of a planned capital raising. The bank reported a net income of 9.7 million euros ($10.2 million) in the first three months of the year reversing a fourth quarter loss, according …

  Bloomberg Poland’s central bank pledged to continue fighting inflation after its interest-rate increase fell short of market expectations and weakened the zloty. Policy makers in Warsaw lifted the benchmark rate by 75 basis points to 5.25%, the highest level since 2008. Most economists predicted a full percentage-point increase. Future decisions will hinge on the prospects for inflation and economic …

Bloomberg Societe Generale SA benefited from higher interest rates and market volatility in the first quarter, helping offset rising costs as the French lender prepares to exit its Russian business. Revenue in the first three months rise 17%, beating analysts’ estimates, driven by its international banking operations, gains in French retail banking and across investment banking units. The Paris-based bank …