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LONDON — The Italian bank Monte dei Paschi di Siena said on Wednesday that its board had approved a plan to sell new shares to raise as much as 2.5 billion euros, or about $3.1 billion, to satisfy demands that it bolster its capital cushion.Monte dei Paschi, the world’s oldest operating bank, emerged as the worst-capitalized in a review of 130 eurozone banks by the European Central Bank last month. Thirteen banks, including four in Italy and two in Greece, were shown to need more capital to prepare for future financial shocks.
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