Monte dei Paschi managers met banks, Italy economy minister - Trsy source
Reuters
Published Dec 09, 2016 13:39
Updated Dec 09, 2016 13:50
Monte dei Paschi managers met banks, Italy economy minister - Trsy source
ROME (Reuters) - Banca Monte dei Paschi di Siena's (MI:BMPS) top management met Italy's economy minister and representatives from investment banks JPMorgan (NYSE:JPM) and Mediobanca in Rome on Friday, a Treasury source said.
The struggling bank asked the European Central Bank for an extension to a capital-raising plan, but a source told Reuters on Friday that the central bank rejected the request.
That increases pressure on the government to intervene to save Monte Paschi, Italy's third-biggest bank, from being wound down. JPMorgan and Mediobanca must decide whether to back the cash call.
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Written By: Reuters
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