By Reuters
Published on
MILAN (Reuters) - Italy's Carige <CRGI.MI> has had preliminary contacts with the Treasury's bad bank over a possible purchase of the troubled lender's bad loans, a source with knowledge of the situation told Reuters on Friday.
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On Wednesday the European Central Bank picked three administrators to take charge of Carige to save the bank after it failed to raise new capital.
The Genoa-based lender said the administrators would continue working on measures to strengthen the bank's capital, shed soured loans and seek a merger partner.
(Reporting by Andrea Mandalà, writing by Giulio Piovaccari)
