Monte Paschi's Chance to Lift Up European Banks

Sept. 15 -- Banca Monte dei Paschi di Siena brought back Marco Morelli to the firm as chief executive officer. Morelli is tasked with leading the bank's turnaround and potentially offering hope to the European banking system. Blomberg Gadfly columnist Lionel Laurent examines the move on "Bloomberg Surveillance." (Laurent is a Bloomberg Gadfly columnist. The opinions expressed are his own.)