KM Financial Solutions | UPDATE 1-Italy’s banking fund to help fill Carige’s 400 mln euro capital hole -sources
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UPDATE 1-Italy’s banking fund to help fill Carige’s 400 mln euro capital hole -sources

UPDATE 1-Italy’s banking fund to help fill Carige’s 400 mln euro capital hole -sources

Banca Carige needs around
400 million euros ($451 million) to plug a hole in its capital
base, three sources close to the matter said on Monday, adding
that part of the funds will be injected by Italy’s interbank
deposit protection fund (FITD).
The rest will come from private investors, the sources said,
adding that the FITD would meet later on Monday to approve the
capital injection.

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