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- ECB rejected Banca Monte dei Paschi di Siena for more time to raise capital. Shares suspended briefly from trading in Milan for excessive losses
ECB rejected Banca Monte dei Paschi di Siena for more time to raise capital. Shares suspended briefly from trading in Milan for excessive losses
The European Central Bank has rejected a request from Italian lender Banca Monte dei Paschi di Siena SpA for more time to raise capital, a person familiar with the matter said, paving the way for the government to step in and rescue the bank.
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