ECB tells Monte dei Paschi it needs to raise 8.8 billion euros

MILAN (Reuters) - The European Central Bank has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros (7 billion pounds), higher than a previous 5 billion euro gap estimated by the bank, the lender said on Monday, confirming what sources told Reuters.

from Reuters: Top News http://uk.reuters.com/article/uk-eurozone-banks-italy-monte-dei-paschi-idUKKBN14F12A?feedType=RSS&feedName=topNews