"The Commission takes note of the bank's announcement that it plans to launch a private capital raising exercise," a Commission spokesman said in a statement.
"This is fully in line with EU rules. Any additional capital needs should in the first place be raised from the market and/or from other private sources," the spokesman said. (Reporting by Francesco Guarascio; Editing by Louise Ireland)EU Commission: Monte Paschi capital-raising plan fully in line with EU rules
REMO CASILLI
TOP READS FROM THE FISCAL TIMES
-
Lawsuit saying Twitter aided Islamic State thrown out by U.S. appeals court
(Reuters) - A federal appeals court in San Francisco ruled on Wednesday that Twitter Inc is not liable to families of... -
Boeing ends Wall St.'s slide, Fed caution limits gains
(Reuters) - A surge in Boeing led Wall Street out of a two-day slump on Wednesday, but U.S. stocks pared gains in early... -
U.S. food distributors allege Tyson Foods, rivals fixed chicken prices
CHICAGO (Reuters) - Top U.S. food distributors Sysco Corp and U.S. Foods Inc have sued the country's biggest chicken...