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    Banca Monte dei Pasch needs massive capital hike

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    euronews (in English)

    by euronews (in English)

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    Italy's Banca Monte dei Paschi di Siena has said it is going to need another 2.5 billion euros in fresh capital from investors to shore up its finances.

    That is more than double the amount in its original rescue plan and matches the current market capitalisation of the bank.

    ...
    http://www.euronews.net/