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Banca Carige SpA Cassa di Risparmio di Genova e Imperia (CRGI.MI)

CRGI.MI on Milan Stock Exchange

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2 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Italy's Illimity not interested in rescuing Carige - CEO
Thursday, 9 May 2019 

May 9 (Reuters) - Italy's Illimity Chief Executive Corrado Passera says::BANK NOT INTERESTED IN RESCUING CARIGE, "THAT'S NOT WHAT WE DO".  Full Article

Unicredit committed to Italy but purely on organic basis - CEO
Thursday, 9 May 2019 

May 9 (Reuters) - UniCredit Chief Executive Jean Pierre Mustier at press conference::ASKED ABOUT A POSSIBLE ACQUISITION OF CARIGE, SAYS BANK IS COMMITTED TO ITALY BUT ON PURELY ORGANIC BASIS.SAYS REDUCTION TARGET IN SOURED DEBTS AT NON-CORE UNIT TO BE CLOSER TO 10 BILLION EUROS IN 2019.ASKED ABOUT A POSSIBLE CONTRIBUTION TO CARIGE RESCUE, SAYS BANK IS READY TO SUPPORT ITALIAN DEPOSIT GUARANTEE FUND IN FAIR AND PROPORTIONAL MANNER.  Full Article

Blackrock says not possible to reach a deal over Italy's Carige
Thursday, 9 May 2019 

May 9 (Reuters) - Banca Carige::BLACKROCK SAYS HAS NOTIFIED STAKEHOLDERS A FUND IT MANAGES IS NO LONGER CONSIDERING POSSIBLE DEAL WITH BANCA CARIGE.BLACKROCK SAYS, DESPITE WORK IN RECENT WEEKS, IT WAS UNFORTUNATELY NOT POSSIBLE TO REACH A DEAL OVER CARIGE.  Full Article

Carige still looking for market solution after Blackrock pulls out of rescue plan
Thursday, 9 May 2019 

May 9 (Reuters) - Carige ::SAYS BLACKROCK HAS DECIDED NOT TO PURSUE ITS EXPRESSION OF INTEREST FOR THE BANK.SAYS CONTINUING ASSESSMENT OF POSSIBLE ALTERNATIVE MARKET SOLUTION TO ENSURE STABILITY OF BANK.SAYS THAT IN ANY CASE GOVERNMENT HAS ALREADY APPROVED DECREE ALLOWING BANK TO REQUEST PRECAUTIONARY RECAPITALIZATION.BLACKROCK CONFIRMS IT HAS PULLED OUT OF INVESTMENT IN CARIGE - SPOKESPERSON.  Full Article

Italy sees Blackrock as guarantee for relaunch of Carige - ANSA
Friday, 3 May 2019 

May 3 (Reuters) - Italian Economy Minister Giovanni Tria tells news agency ANSA: :BLACKROCK INTEREST IN TROUBLED LENDER CARIGE IS A GOOD SIGNAL AND A GUARANTEE FOR BANK'S RELAUNCH .  Full Article

Intesa Sanpaolo will not invest any more money on Carige - CEO
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Intesa Sanpaolo's Chief executive Carlo Messina says::BANK WILL NOT INVEST ANY MORE MONEY ON CARIGE AFTER WRITING DOWN IN FULL BOND INVESTMENT, WILL HAVE NO DIRECT INVOLVEMENT.BANK DOES NOT SEE POSSIBLE SYNERGIES FROM MERGERS WITH OTHER EUROPEAN GROUPS.BANK DOES NOT NEED TO TIE-UP WITH OTHER GROUPS IN ITALY.  Full Article

Carige closes 69 mln euro sale of Creditis unit to Chenavari
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Banca Carige::CLOSES SALE OF CREDITIS CONSUMER CREDIT UNIT TO CHENAVARI.CREDITIS DEAL WORTH 69.3 MILLION EUROS.SIGNED MULTI-YEAR DISTRIBUTION ACCORD.  Full Article

Intesa booked full impairment on Carige's subordinated bond in Q4
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Intesa Sanpaolo CEO Carlo Messina tells analyst call::BOOKED FULL IMPAIRMENT ON BANK'S CONTRIBUTION TO CARIGE'S SUBORDINATED BOND.SLIDE SHOWS HIT AMOUNTS TO 54 MLN EUROS (80 MLN EUROS PRE-TAX).  Full Article

UBI CEO says conditions not there at moment for banking consolidation
Monday, 21 Jan 2019 

Jan 21 (Reuters) - The CEO of Italy's UBI Banca says::AT MOMENT AND IN THIS CONTEXT, THE CONDITIONS DO NOT EXIST FOR BANKING CONSOLIDATION.  Full Article

Italy's UBI Banca not interested in Carige - CEO
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Victor Massiah, the CEO of Italy's UBI Banca, says::UBI POSITION HAS NOT CHANGED, NOT INTERESTED IN BANCA CARIGE.  Full Article

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Italian govt official says favors market solution for Carige aided by state

MILAN A junior minister from Italy's ruling 5-Star Movement said on Friday he favored a market solution for troubled bank Carige, adding the government had to put in place the right conditions to ease it.