Shares of Banca Monte dei Paschi di Siena SpA dropped 17% Wednesday following a report the embattled Italian lender’s liquidity could be wiped out sooner than anticipated. The bank now expects to run out of liquidity in four months, compared with a previous estimate of 11 months, Reuters reported, citing BMPS documents. The bank’s current net liquidity position is 10.6 billion euros ($11.02 billion).
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