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Monte dei Paschi managers met banks, Italy economy minister - Trsy source

Published 09/12/2016, 13:39
Updated 09/12/2016, 13:50
© Reuters. The main entrance of the Monte dei Paschi bank headquarters is seen in Siena

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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