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- BusinessItaly expects to cap MPS cash call at $2.6 billion in latest plan -sources
Italy expects to cap Monte dei Paschi's cash needs at around 2.5 billion euros ($2.6 billion) as it negotiates with European Union authorities a new strategic plan for the state-owned bank that will be unveiled next month, four sources said.
- European MarketsGardant teams up with AMCO in race for BPER's NPL unit-sources
Elliott-backed Italian bad loan specialist Gardant has teamed up with state-owned rival AMCO in the race to secure the bad loan business put up for sale by Italy's fifth-largest bank BPER Banca , three sources with knowledge of the matter said.