UPDATE 1-Monte Paschi approves rights issue of up to 3 bln euros

MILAN/ROME, Nov 26 (Reuters) - Italian lender Monte dei Paschi di Siena approved on Tuesday a rights issue of up to 3 billion euros ($4 billion), more than its market value, to win EU approval for a...

from Reuters: Bonds News http://feeds.reuters.com/~r/reuters/bondsNews/~3/juOBc--WLqw/story01.htm