Monday, December 26, 2016

UPDATE 1-ECB tells Monte dei Paschi it needs to raise 8.8 bln euros

MILAN, Dec 26 (Reuters) - The European Central Bank has told

Monte dei Paschi it needs to plug a capital shortfall of 8.8

billion euros ($9.2 billion), higher than a previous 5 billion

euro gap estimated by the bank, the lender said on Monday,

confirming what sources told Reuters.

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