UPDATE 1-JP Morgan ready to lend 7 bln euros for Monte dei Paschi bad-loan deal ? pap

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UPDATE 1-JP Morgan ready to lend 7 bln euros for Monte dei Paschi bad-loan deal ? pap

UPDATE 1-JP Morgan ready to lend 7 bln euros for Monte dei Paschi bad-loan deal ? paper
MILAN, July 14 (Reuters) - U.S. bank JP Morgan iswilling to provide 7 billion euros ($7.8 billion) in a bridgingloan to a vehicle that would buy bad loans from Italy'sthird-largest lender, Monte dei Paschi di Siena, anItalian daily said on Thursday.

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