Receive Breaking News updates as they occur
Italian bank Monte dei Paschi di Siena gave the go-ahead on Friday to a 5.0 billion euro equity raising that will boost its capital and allow it to repay a government bailout this year. The Tuscan bank has to pay back by the end of the year some 4.0 billion euros ($5.5 billion) in credit it received from the Italian government last year to stave off bankruptcy. Chief executive Fabrizio Viola told Italian news channel SkyTG24 that the share sale would be carried out "starting in mid-June until mid-July". Instead, Monte dei Paschi said the share sale would put it in a better position to seize "opportunities linked to a possible recovery of macro-economic conditions".
VANCOUVER, British Columbia (AP) — Canadian police confirmed Thursday an arrest has been made in the Netherlands in the case of a Canadian teenager who was blackmailed into exposing herself in front of a webcam. The 15-year-old later committed suicide after detailing her harassment on a YouTube video watched by millions around the world.