Monte, UniCredit: pressures mount on Italy's banks

ReutersNewsPublished: December 9, 2016
Published: December 9, 2016

The European Central Bank has rejected a request by Italy's Monte dei Paschi di Siena for more time to raise capital, a source said on Friday. As David Pollard reports, sources have also told Reuters that the country's largest lender, UniCredit, is set to announce a massive cash call, as pressure on the banking sector mounts.

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