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Stock Exchange: Carige the only bank against the trend, Milan sinks

The title of the Genoese institute dates back to Piazza Affari, the only one bucking the trend in the banking sector, frightened by fears related to the Greek debt – The Milan Stock Exchange retreats, signaling itself as the worst in mid-morning.

Stock Exchange: Carige the only bank against the trend, Milan sinks

Rising the title of Carige, which in mid-morning recorded gains of around 0,60% a Business Square. Pushing the shares of the Genoese institute, in contrast to a sector frightened by the Greek situation and by the electoral success of Podemos in the administrative elections in Spain, is the strengthening of the Malacalza family within the shareholding structure.

On the weekend, in fact, the Malacalza Investments, which already held 10,3% of the Ligurian bank, announced an agreement with the French Bpce to acquire a further 4,6% and thus rise to the threshold of 15%. Meanwhile, Carige awaits the launch of the 850 million capital increase, which could take place in the first days of June.

As mentioned, the day of Business Square it opened in a bad light, with the Milan stock exchange accelerating downwards, registering discounts just under 2% and marking itself as the worst European stock exchange by mid-morning on a day when both Berlin and London, as well as Wall Street, are closed for holidays.

The markets are mostly scared by fears related to the Greek debt crisis and the announcement, arrived yesterday from Athens, that Greece will not be able to repay the June tranche of its debt to the IMF unless it renegotiates with its creditors. Adding to European fears are the declarations of Fed number one Janet Yellen, according to which US rates will already increase starting this year.

Among the main stocks in decline today, some bankers stand out, such as Intesa Sanpaolo and Unicredit, and other titles such as Saipem and FCA.

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