Bailed-out Italian bank Carige needs another 400 mln euros

bailed out italian bank carige needs another 400 mln euros

Sumary of Bailed-out Italian bank Carige needs another 400 mln euros:

  • Article content MILAN — Bailed-out Italian lender Banca Carige said on Thursday it needed a further 400 million euros ($473 million) in capital and there was no certainty of striking a merger deal it views as key to its eventual revival.
  • Article content Carige said needed to raise more capital by the third quarter of 2022 at the latest to help it make a net profit in 2023. Carige’s shares have not traded for the past two-and-a-half years.

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