United Kingdom

Italy's Banca Carige approves cash call of up to 500 mln euros, bad loan sale

Monday, 3 Jul 2017 

July 3 (Reuters) - Italian lender Banca Carige says::approves capital increase of up to 500 million euros ($567.90 million).capital increase guaranteed by Credit Suisse <<>> and Deutsche Bank <<>> in roles as joint global coordinators and joint bookrunners.to sell 1.2 billion euros of bad loans.to sell assets worth at least 200 million euros.appoints Andrea Soro as Chief Financial Officer .