EghtesadOnline: The European Central Bank has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros ($9.2 billion), higher than a previous 5 billion euro gap estimated by the bank, the lender said on Monday.

EghtesadOnline: The world’s oldest bank has finally run out of time. On Friday, the Italian government said it will plow as much as 20 billion euros ($21 billion) into Banca Monte dei Paschi di Siena SpA and other banks after the storied lender failed to raise money from private investors.

EghtesadOnline: Declines in lenders and energy producers dragged European stocks down from a one-month high.