Paschi Starts Share Offer as Italy Prepares Possible Rescue Plan

Banca Monte dei Paschi di Siena SpA is attempting to sell shares on the market while the government prepares a plan to inject as much as 15 billion euros into Italian banks should the fundraising fail, according to a person with knowledge of the matter. Italy’s Treasury plans to participate in the share sale, which may increase its 4 percent holding, the person said, asking not be identified because the plan isn’t public yet.