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

Young journalists club

News ID: 41146
Publish Date: 13:12 - 25 June 2019
TEHRAN, Jun 25 -Italian banks’s rescue plan for ailing lender Carige envisages a larger than planned cash call of up to 800 million euros ($911 million).

Italian rescue plan for Carige sees cash call of up to 800 million euros: sourceTEHRAN, Young Journalists Club (YJC) -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.

Source: reuters

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