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Supervisors at the European
Central Bank on Friday approved plans by troubled Italian lender
Monte Paschi di Siena (MPS) and mid-sized Italian banker Banca
Carige to make up capital shortfalls.
The two banks had been singled out in late October by the
ECB for capital shortfalls following extensive stress tests by
the central bank.
The banks have up to nine months to fully implement their
capital plans.
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