- Walmart told US government India e-commerce rules regressive, warned of trade impact
- Louisiana residents flee as possible hurricane bears down
- Mike Pence visits migrant facilities to show reports of turmoil are inaccurate
- Earthquake rattles Seattle area, followed by aftershock
- Citi upgrades Morgan Stanley: 'A high quality franchise with limited rates exposure'
FILE PHOTO: The Carige bank logo is seen in Rome, Italy, April 16, 2016. REUTERS/Stefano Rellandini/File Photo
June 25, 2019
ROME (Reuters) – Italian banks’s rescue plan for ailing lender Carige envisages a larger than planned cash call of up to 800 million euros ($911 million), a source close to the matter said on Tuesday.
The Genoa-based lender, which was placed under special administration by the European Central Bank in January, had been thought to have a capital shortfall of 630 million euros.
(Reporting by Stefano Bernabei, Writing by Giselda Vagnoni; Editing by Louise Heavens)