Banca Carige more and more into chaos after it stop the 400 million capital increase due to the lack of quorum in the meeting following the "non possumus" of the main shareholder, represented by the Malacalza family. In the last hours two board members – Lucrezia Reichlin and Raffaele Mincione – have resigned by the board of directors. And even the president Pietro Modiano, who in recent days had resigned from the presidency of the SEA to concentrate on saving the Ligurian bank, and the CEO Fabio Innocenzi had some doubts about whether or not to continue their arduous work.
Now we will see how the Stock Exchange will respond to the lack of recapitalization. THE Bad stocking, who have already lost a fortune, having invested 400 million in the bank for a share that is now worth only 24, are not entirely against putting more money into Carige but want to take the time to better understand where the new plan will lead industrial. The problem is that there isn't time and that the ECB and the Bank of Italy had given Carige six months more time to recapitalize but on the condition that the 400 million capital increase be approved immediately.
Now back to talking about an emergency wedding but so far it is Ubi is Bpm Bank they flatly denied the possibility of a deal. Someone says that it could be the Malacalzas who show up with a new international investor but the situation is very complex and on the edge of the precipice, while the unions are asking for an emergency intervention by the Government to save the 4.200 employees "by any means".
For Banca Carige, more than Christmas week, this is a week of passion on which the life or death of a local bank depends, which can have perverse effects on the entire Italian banking system if it fails to see a light at the end of the tunnel in which has long since ended.
