MPS in talks to issue 1 billion euros of government-backed bonds: sources
MILAN (Reuters) – Italy’s Banca Monte dei Paschi di Siena is negotiating with the Treasury and the Bank of Italy about issuing at least 1 billion euros of government-backed bonds to plug a capital shortfall, two sources close to the matter said on Saturday. If the Treasury and the Bank of Italy give the go-ahead, Italy’s third biggest lender would become the country’s first banks to resort to state help as the euro zone debt crisis deepens. “There are very close contacts with the Bank of Italy and the Treasury, although there is no final go-ahead,” one of the sources said. . . .
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