By Giulia Petroni

Banca Monte dei Paschi di Siena SpA said late on Tuesday that media reports citing a potential capital injection of 3.5 billion euros ($3.98 billion) sought by the lender "have no basis in any initiative undertaken by the bank."

Earlier on Tuesday, Bloomberg reported that the Italian bank could seek a capital injection of about EUR1 billion more than estimated in December, citing sources familiar with the matter. The news outlet said that the Italian treasury considers the amount as necessary to comply with capital regulations set by the European Central Bank.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

February 16, 2022 01:38 ET (06:38 GMT)

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