Monte Paschi working on 'substantial' capital increase: source

LONDON (Reuters) - Banca Monte dei Paschi di Siena, the oldest surviving bank in the world, is working on a rights issue to fill at least half of a 2.1 billion euro ($2.6 billion) capital gap uncovered by a European review of banks, a source with direct knowledge of the matter said.

from Reuters: Business News http://ift.tt/1ucqtLS