Carige kicks back after Fitch says bank has 'real possibility' of failing

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Carige kicks back after Fitch says bank has 'real possibility' of failing

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The building of Fitch Ratings at the office building complex at Canary Wharf on the Isle of Dogs at the district Tower Hamlets in London, England, 17 March 2017. Photo: Jens Kalaene/dpa-Zentralbild/ZB | Jens Kalaene/DPA/PA Images

Banca Carige has challenged a downgrade from Fitch, after the rating agency discussed the potential failure of the bank. The hard-pressed Italian lender also indicated that it had spoken to the European Central Bank about a merger.

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