ECB has given Carige 'about a month' to find a market solution: source

FILE PHOTO: The logo of the Carige bank is seen in Rome, Italy September 20, 2018. REUTERS/Max Rossi/File Photo

ROME - The European Central Bank has given troubled Italian lender Carige “about a month” to find an alternative buyer after U.S. asset manager BlackRock pulled out of a proposed rescue bid for the lender, a source close to the matter said on Friday. A second source said the ECB had given temporary administrators running the Genoa-based bank “a few more days” to find a buyer, after a previous May 17 deadline expired without a solution having been found.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Home builder confidence hits a 7-month high in May as housing market headwinds easeA measure of industry sentiment among home builders jumped more than expected, in a possible sign that they may increase their building activity to meet...
Source: MarketWatch - 🏆 3. / 97 Read more »

Mortgage rates slump to 2-month lows amid market turmoilRates for home loans fell, a boon for buyers in a brightening housing market.
Source: MarketWatch - 🏆 3. / 97 Read more »