Exclusive: ECB rejects Monte Paschi's request for more time to raise capital - source

Features Reuters

(Copyright Reuters 2016)

The European Central Bank has rejected a request by Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, in a move that piles pressure on the Italian government to step in and rescue the ailing lender.

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(Reporting by Reuters bureaus; Writing by Silvia Aloisi; Editing by Mark Bendeich)