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)

By Reuters

Published on 17/05/2019 - 13:34•Updated 30/04/2024 - 13:02

Comments

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.