Carige flounders on market return amid uncertain future

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Carige flounders on market return amid uncertain future

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RAMY8R Seat of Banca Carige in Milan in Corso Europa, 5 (Duilio Piaggesi, Milan - 2019-01-03) p.s. la foto e' utilizzabile nel rispetto del contesto in cui e' stata scattata, e senza intento diffamatorio del decoro delle persone rappresentate | Alamy Stock Photo

Banca Carige’s share price fell nearly 60% on Tuesday, after trading in its stock reopened for the first time in about two and a half years. Investors are concerned about the outlook for the Italian lender, which may need to raise €400m of capital if it cannot find a merger partner.

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