European Banking Authority
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Italy's third-largest bank in race to find 1bn euros

26 June 2012 Last updated at 10:55 BST

Italy's third-largest bank, Monte dei Paschi di Siena, needs to find 1bn euros.

A delayed meeting of the bank's board is due to approve a new business plan.

MPS urgently needs 1bn (£0.8bn) euros to fill a capital shortfall.

Nigel Cassidy reports.