MILAN Dec 11 Ailing Italian bank Monte dei
Paschi di Siena can still pull off a private
recapitalisation plan by year-end, with Qatar's sovereign wealth
fund willing to invest in the lender, a source close to the
board's bank said on Sunday.
The source was speaking as the bank's board met to hammer
out a last-ditch private sector 5 billion euro ($5.28
billion)capital raising plan after the European Central Bank
refused to give it more time to find the money.
Bankers say Qatar Investment Authority could invest 1
billion euros in the lender.
The source said the bank was in talks with market watchdog
Consob to reopen a debt swap offer to retail investors holding
2.1 billion euros of its subordinated bonds.
($1 = 0.9471 euros)
(Reporting by Elisa Anzolin, editing by Silvia Aloisi)