By Valentina Za MILAN (Reuters) - The top investor in Banca Carige met European Central Bank supervisors on Thursday to explain why he did not back a vital cash call at the troubled Italian lender, a source close to the matter said. Carige on Saturday failed to win approval for a 400 million euro ($455 million) share sale that was part of a rescue plan financed by Italian lenders to shield the industry from the risk of another banking collapse. Italy's Malacalza family holds 27.6 percent of Carige after investing more than 400 million euros to prop up the ailing Genoa-based bank.
from Latest News Business on Firstpost http://bit.ly/2Amhakn
Friday, 28 December 2018
Carige's top investor meets ECB after blocked cash call: sources
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