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

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

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

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