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Italian lender cuts exposure to Nomura as required by ECB

Monday, July 27, 2015 - 05:50

Rome

TROUBLED Italian lender Monte dei Paschi di Siena has reduced its exposure to Japanese bank Nomura to within regulatory limits, as required by the European Central Bank (ECB), two sources close to the matter told Reuters.

The bank had a 4.7 billion euro (S$7.1 billion) net