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Paschi Falls to Record Low as MSCI Prepares to Remove From Index

Banca Monte dei Paschi di Siena SpA, the Italian bank saddled with bad debt and seeking a buyer, plunged to a record low after MSCI Inc. said it plans to pull the stock from that country’s index.

Shares in Italy’s third-largest bank fell as much as 13 percent, the lowest since they began trading in 1999, and were down 7 percent to 45 cents at 10:10 a.m.