Monte Paschi gets preliminary ok from EU antitrust for bad debt plan - source

MILAN (Reuters) - Banca Monte dei Paschi di Siena has received a preliminary green light from the European Union's competition authorities for its bad debt disposal plan, a source close to the matter said on Friday. The loan reduction plan still needs approval from the European Central Bank to go ahead, the source addedShares in the state-owned Tuscan lender rose more than 10% on Friday after the news was first reported by daily MF. The stock was up 8.2% at 1.26 euros by 0748 GMT.The EU..