Italy: A new bank in turmoil

ArticleBanking crisisNovember 20, 2017 - 2:33:09 AM

After the failure of the Veneto banks and the rescue of Monte Dei Paschi, it's now the turn of the Carige bank to be in the spotlight.

Italy’s Banca Carige secured backing from core shareholders and underwriters for a vital 560 million euro (£500 million) cash call needed to stave off the threat of being wound down...

Source:Daily Times

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