Banca Carige said on Saturday the European Central Bank had extended until Sept....
FILE PHOTO: The logo of the European Central Bank is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo
The bank said the ECB wanted to give the three administrators enough time to complete actions needed for Carige to comply with capital requirements in a sustainable manner.Carige was placed under special administration at the start of the year after its top investor in December blocked a planned capital raising, derailing a rescue plan financed by the industry.
Sources have told Reuters that Minnesota-based Varde Partners and a specialist fund affiliated with BlackRock plan to submit bids.
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