UPDATE 1-Monte dei Paschi scrambles to ready bailout plan by Friday
July 28, 2016 at 14:18 PM EDT
LONDON/MILAN, July 28 (Reuters) - Italy's Monte dei Paschi di Siena,, which is scrambling to put together a privately backed bailout, suffered a setback on Thursday when three banks turned down a request to back a planned 5 billion euro ($5.5 bln) cash call.