Monte Paschi toughens up revival plan to win over Brussels - Bowing to European Union requests, loss-making Italian bank Banca Monte dei Paschi di Siena (BMPS.MI) unveiled thousands of new job cuts on Monday and asset sale plans in a bid to return to profit and stave off nationalisation.

http://www.reuters.com/article/2013/10/07/us-montepaschi-overhaul-idUSBRE9960QJ20131007?feedType=RSS&feedName=businessNews