Carige to sell tier two converting to shares

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Carige to sell tier two converting to shares

Jasper Cox
November 13, 2018 11:30 am
Carige1_PA_230x150
Branch office of the italian bank "Banca Carige" in Lavagna (Liguria/Italy), September 11, 2013. | Rolf Haid/DPA/PA Images

Banca Carige announced its capital recovery plan on Monday, relying on friends and family to help it keep going. Italian banks have agreed to support it with €320m though the interbank deposit protection fund (FITD), and it will also be looking to existing shareholders.

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