Wednesday, July 27, 2016

Monte dei Paschi contacts banks to back 5 bln euro cash call - source

LONDON/MILAN, July 27 (Reuters) - Banca Monte dei Paschi di

Siena has asked at least eight banks to guarantee a

five billion euro ($5.49 billion) cash call as Italy's

third-largest bank races against the clock to comply with

regulators' demands to strengthen its balance sheet, a source

familiar with the matter told Reuters.

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