(ANSA) - Rome, December 9 - The European Central Bank on
Friday turned down a request from Monte dei Paschi di Siena for
more time to complete its 5-billion-euro capital hike. 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. MPS stocks fell 1.5% after
the decision by the ECB's oversight council.
ECB rejects MPS request for more time (2)
State intervention more likely