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Monte Paschi Top Investor, Creditors Move Standstill Deadline

ROME -(Dow Jones)- The Italian banking foundation that controls Banca Monte dei Paschi di Siena SpA (BMPS.MI), Italy's third largest bank, said Wednesday it has agreed with its lenders to postpone to May a deadline to reach an agreement to bring down its debt. In a statement, Fondazione Monte dei Paschi di Siena said the negotiations are at "very advanced" levels and the only the "last details" are needed for its debt restructuring. The previous standstill agreement with the creditors expired Monday. The foundation has also started selling part of its controlling stake in the bank to raise capital. -By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
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10/13/201416:04:10MARKET SNAPSHOT: U.S. Stocks Build On Last Week's Losses
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10/13/201413:47:36MARKET SNAPSHOT: U.S. Stocks Drift Higher Off Day's Lows
10/13/201411:12:37MARKET SNAPSHOT: U.S. Stocks Drop; S&P 500 Falls Below 1,900
10/13/201410:27:05MARKET SNAPSHOT: U.S. Stocks Flip-flop After Brutal Losses
10/13/201409:58:24MARKET SNAPSHOT: U.S. Stocks Inch Higher; CSX Corp Jumps

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