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Showing posts with label Italian authorities. Show all posts
Showing posts with label Italian authorities. Show all posts

9/25/2013

Monte Paschi delays approval of new rescue plan

(Reuters) - The board of Monte dei Paschi di Siena (BMPS.MI), Italy's third biggest lender, delayed approval on Tuesday of a restructuring plan aimed at winning European Union approval for a 4.1 billion-euro ($5.5 billion) state bailout and averting nationalization.