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Monte dei Paschi scrambles to thrash out last-ditch private capital increase

MILAN (Reuters) - Italy's third biggest lender Monte dei Paschi di Siena was scrambling on Sunday to thrash out a last-ditch plan to raise 5 billion euros ($5.28 billion) on the market by year-end after the European Central Bank refused to give it more time to recapitalize.

Monte dei Paschi scrambles to thrash out last-ditch private capital increase
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