(supersedes previous)Shares in
Monte dei Paschi di Siena (MPS) bank plunged 10% in trading
Friday after the European Central Bank (ECB) turned down its
request for an extension on the deadline to complete a
5-billion-euro capital increase.
The troubled Tuscan lender had asked for 20 more days because
of Italy's government crisis, extending the deadline to January
20.
The rejection of MPS's request reportedly rules out the
'market solution' JP Morgan and Mediobanca have been working on
and makes State intervention more likely to save the ailing
lender, which is Italy's oldest and third-largest bank.
ALL RIGHTS RESERVED © Copyright ANSA
