BUSINESS

People are seen inside a Monte dei Paschi di Siena bank in Rome

Italy's MPS Scrambles To Secure Share Issue Commitments

Monte dei Paschi di Siena was racing on Wednesday to get commitments from investors for its 2.5 billion euro ($2.4 billion) share issue so it can secure a backstop from banks for any unsold stock, three people close to the matter said.
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