Thursday, July 28, 2016

Three banks opt out of Monte dei Paschi's proposed 5 bln euro cash call - source

LONDON, July 28 (Reuters) - Morgan Stanley and

Italian lenders UniCredit and Intesa SanPaolo

have rebuffed a proposal by Italy's third-largest lender, Banca

Monte dei Paschi di Siena, to back its proposed 5

billion euro ($5.54 billion) cash call, a source familiar with

the matter told Reuters.

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