Banca Monte dei Paschi di Siena sign
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Italy's historic Siena bank MPS asks for another bailout

The world's oldest bank, Italy's Banca Monte dei Paschi di Siena, has asked for a taxpayer funded bailout after making severe losses.

Without the money the 540-year-old bank may not survive the year.

The lender lost millions of euros in a controversial takeover deal and through risky trades.

Alan Johnston reports from Rome.

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