Monte dei Paschi needs more cash

Bailed-out Italian bank Monte dei Paschi di Siena has warned its €5bn share issue may not be enough to bolster its balance sheet if EU regulators force it to set aside more cash to cover for bad loans. In a 515-page prospectus for the cash call, due to start on Monday, Italy's third-largest bank said it could need further capital-strengthening measures after the European Central Bank (ECB) and the European Banking Authority (EBA) complete their review of lenders across the Eurozone.

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