Carige needs bigger cash injection under latest rescue plan - source
Share:
ROME (Reuters) - A rescue plan for ailing Italian Carige funded by rival lenders alongside public and private investors will involve a larger-than-planned capital injection of around 800 million euros, a source with knowledge of the matter said.Carige, weakened by mismanagement and bad loans, was placed under special administration by the European Central Bank on Jan.2 after failing to push through a 400 million euro (357 million pounds) fundraising.The bank's administrators in February unveiled..