Politicians talk up Carige nationalisation

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By Jasper Cox
10 Jan 2019

The Italian government this week earmarked up to €1bn for a precautionary recapitalisation for Banca Carige but the future of the troubled bank remains uncertain.

Precautionary recapitalisation was described as only a “residual option” by the bank this week but the government has set out €1bn for its use.

The tool — which was used for Banca Monte dei Paschi di Siena in 2017 — requires certain criteria to be met: broadly ...

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