Shares in Monte dei Paschi plunge 14% after capital raise
Source: Reuters
MILAN, Nov 4 (Reuters) - Shares in Monte dei Paschi di Siena (BMPS.MI) plunged 14% on Friday, triggering an automatic trading suspension, after the state-owned bank successfully completed a 2.5 billion euro ($2.4 billion) capital raise.Monte dei Paschi said late on Thursday its new share issue had been 96.3% subscribed, with underwriters taking up the remaining 93 million euros.Monte dei Paschi has been forced to…