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Monte dei Paschi di Siena

ECB rejects Monte Paschi's request for more time to raise cash

ECB rejects Monte Paschi's request for more time to raise cash

Sat, Dec 10, 2016

The European Central Bank (ECB) has rejected a request by Italy`s Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, a decision that piles pressure on the Rome government to bail out the lender.

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