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    Tough times at Monte dei Paschi di Siena

    euronews (in English)

    by euronews (in English)

    Italy's oldest bank has unveiled a painful restructuring plan.

    One day after it was forced to take state aid, Banca Monte dei Paschi di Siena said it would be looking to new investors in seeking to raise up to one billion euros in fresh capital over the next five years.