Banking Carige continues to be suspended after the intervention of the ECB

Banking Carige continues to be suspended after the intervention of the ECB

The suspension of the Carige Bank quotation ordered yesterday by the Italian stock exchange regulator (CONSOB) as a result of the crisis in the entity continues today for the second consecutive day.

The European Central Bank (ECB) intervened yesterday at Carige Bank and appointed three extraordinary commissioners who will watch over the entity after the resignation of the majority of its directors, when a capital increase failed.

In a statement, the ECB said that the resignation of most administrators "has necessitated the institution of an extraordinary administration that will guide banking and stabilize its governance" and seek "effective solutions."

The considered tenth Italian bank begins the year with three extraordinary commissioners appointed by the ECB, Fabio Innocenzi, Pietro Modiano and Raffaele Lener, who must "adopt all the necessary decisions for its operational management".

The Genoese bank is going through a tough financial period and in recent times it has led to serious losses at the Milan Stock Exchange, which has fallen by 18% of its value.

Investors 'fear of the future of the bank is due to the rejection of the shareholders' meeting on December 22 at the start of a capital increase for 400 million euros.

The majority shareholder, the Malacalza family, with 27.5% of the shares, blocked this initiative and also the issue of subordinated bonds of between 320 and 400 million.


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