Italy gives Carige liquidity support, opens path to recap

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Italy gives Carige liquidity support, opens path to recap

Jasper Cox
January 08, 2019 02:30 pm
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Press conference of Italian Prime Minister Giuseppe Conte in Algiers in Algeria on October 5, 2018, at the International Conference Center (CIC) Italian Prime Minister Giuseppe Conte that round a day visit to Algeria (Photo by Billal Bensalem/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

The Italian government has agreed to provide a guarantee for Banca Carige’s bonds, giving it a chance to shore up its liquidity position. The state has also put the option of a precautionary recapitalisation on the table.

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