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Troubled Italian bank unveils overhaul plan to stay afloat

10 years ago
Troubled Italian bank Monte dei Paschi di Siena unveiled Tuesday a restructuring plan that will include new management, thousands of job cuts, hundreds of branch closings and the disposal of soured loans in a bid to entice investors to inject up to 5 billion euros ($5.5 billion) in new capital.
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1 minute 30 seconds ago
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