Reuters exclusively reported that European bank supervisors think Italy’s long-struggling Banca Carige should be closed if it can’t find a buyer, contrary to Rome’s plan for a state rescue. Carige’s case, the latest in a series of bank crises in an Italian economy still reeling from the last recession, is likely to once again pit Rome’s anti-establishment government against the European Central Bank in Frankfurt after skirmishes on the euro.
Reuters reveals Europe’s bank supervisors want Carige closed if no buyer found
22 May 2019, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa