|

Italian rescue plan for Carige sees cash call of up to 800 mln euros: source

News Service
10:59 - 25/06/2019 Tuesday
Update: 11:01 - 25/06/2019 Tuesday
REUTERS
File photo: The logo of Carige bank is seen in Rome
File photo: The logo of Carige bank is seen in Rome

Italian banks’s rescue plan for ailing lender Carige envisages a larger than planned cash call of up to 800 million euros ($911 million), a source close to the matter said on Tuesday.

The Genoa-based lender, which was placed under special administration by the European Central Bank in January, had been thought to have a capital shortfall of 630 million euros.

#Carige
#Italy
#rescue l
5 years ago