Monte dei Paschi scrambles to thrash out last-ditch private capital increase

Italy's third biggest lender Monte dei Paschi di Siena was scrambling on Sunday to thrash out a last-ditch plan to raise 5 billion euros ($5.28 billion) on the market by year-end after the European Central Bank refused to give it more time to recapitalize. The decision by the ECB's supervisory board piles pressure on the Italian government to inject money into the bank but the Tuscan lender on Friday said it would carry on with its own private sector scheme, despite signs of scant investor inter