ROME (Reuters) - Banca Monte dei Paschi di Siena’s (BMPS.MI) top management met Italy’s economy minister and representatives from investment banks JPMorgan and Mediobanca in Rome on Friday, a Treasury source said.
The struggling bank asked the European Central Bank for an extension to a capital-raising plan, but a source told Reuters on Friday that the central bank rejected the request.
That increases pressure on the government to intervene to save Monte Paschi, Italy’s third-biggest bank, from being wound down. JPMorgan and Mediobanca must decide whether to back the cash call.
Reporting by Giuseppe Fonte, writing by Isla Binnie, editing by Steve Scherer