Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

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

ECB has given Carige 'about a month' to find a market solution - source
FILE PHOTO: The logo of Carige bank is seen in Rome, Italy, April 9 2016. REUTERS/Alessandro Bianchi/File Photo -
Copyright
Alessandro Bianchi(Reuters)
Euronews logo
Text size Aa Aa

ROME (Reuters) - 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.

(Reported by Stefano Bernabei and Giuseppe Fonte, writing by Andrea Mandala)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.