To avoid a state bailout, Italy’s troubled bank Monte deiPaschi di Siena is trying to raise €5bn by the end of the year. The troubled bank will offer new shares for sales between December 19 and 22.
As reported by the Reuters news agency, the European Central Bank told Italy's third-largest bank to raise capital this year and offload €28bn in bad loans. Finding investors, however, has proved difficult amid political turmoil and this month's change of government.
Monte deiPaschi said on Dec...
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