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BlackRock's investment committee rejects planned takeover of Carige: report

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An investment committee at U.S. fund BlackRock's has rejected a planned acq...

FILE PHOTO: The logo of Carige bank is seen in Rome, Italy, April 9 2016. REUTERS/Alessandro Bianchi/File Photo

MILAN - An investment committee at U.S. fund BlackRock’s has rejected a planned acquisition of Italian bank Carige, Italian daily La Repubblica said on Thursday.Reporting by Andrea Mandala, editing by Silvia Aloisi

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Carige was not slowed down by the economic crisis, rather by quasi-fraudulent behavior of its managers

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