Edition:
United Kingdom

Italy's Carige can reach break-even in 4-5 quarters - commissioner


Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Banca Carige Commissioner Pietro Modiano says::BANK CAN STAND ON ITS OWN FEET.COST INCOME IS UNACCEPTABLE BUT NET OF EXTRAORDINARY CHARGES IN 2018 AND 2019 BANK ONLY NEEDS TO CUT 50 MILLION EUROS IN COSTS TO REACH BREAK-EVEN.BANK CAN REACH BREAK-EVEN IN 4-5 QUARTERS.