December 24, 2018 / 2:34 PM / a month ago

Italy's Carige discussed failed cash call approval with ECB-source

MILAN, Dec 24 (Reuters) - Italy’s Banca Carige has discussed with European Central Bank supervisors the rejection of a cash call needed to safeguard the troubled Italian lender’s future, a source familiar with the matter said on Monday.

The fate of the Genoa-based bank is in question after its biggest investor, the Malacalza family, blocked a 400 million euro ($456 million) new share issue from being approved at a shareholder meeting on Saturday. (Reporting by Valentina Za; Editing by Adrian Croft)

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