Monte dei Paschi third-quarter profit helped by cost cuts

MILAN (Reuters) - Italian state-owned lender Monte dei Paschi di Siena posted a third-quarter net profit of 91 million euros (79 million pounds) with cost cuts helping to counter weaker revenues.The bank said it had shed staff and lowered operating costs by 3.5 percent in the three months through September.Revenue fell 2.7 percent in the quarter with commissions suffering due to the sale of fewer investment products and interest income easing 1.4 percent.Net profit in the second quarter was..