Italy faces capital demand of more than $8 bln to offload Monte dei Paschi - NewsBreak
By Victor in Business
Updated 3 years ago
ROME, Oct 18 (Reuters) - Italy has been asked to provide more than 7 billion euros ($8 billion) in capital to UniCredit to strike a deal over Monte dei Paschi and offload as much as possible of the state-owned bank to the stronger rival, two people close to the matter said.