The Trentino holding company of the Bccs, Cassa Centrale Banca, renounces acquiring control of Banca Carige in which the interbank fund Fitd instead confirms its presence with the idea of taking it to the Stock Exchange and finding new shareholders -…
The meeting of the Interbank Fund gives the go-ahead for the conversion into shares. It is the first step towards the recovery plan to be presented to the ECB by Thursday. But "historic" shareholders like Malacalza must approve the recapitalization. Race against the…
On Monday 24 June, the Interbank Fund will present its rescue plan for Carige which will start from the conversion of the bond and could assign it the role of reference shareholder alongside the old shareholders of the Ligurian institute, avoiding nationalization
After the Tercas sentence, the Interbank Deposit Protection Fund would be ready - together with the American Apollo Fund and the Malacalza family - to intervene in the rescue of the Ligurian bank avoiding its nationalization
The Interbank Fund has given the green light to the plan agreed with Blackrock, the shareholders' meeting will be held on May 14 - The operation will have several phases and is divided into a capital increase of approximately 720 million - The fund will…
In the annexes to the receivership of the Genoese bank, the ECB has also included the request for the liability action against the former top management of Banca Carige. The maxi-commissions and million-dollar consultancy services for the sale of non-performing loans are also targeted.…
Lagarde's warning on world growth and on Italy worries the markets - Brexit breakthrough: Labor wants a new referendum - Usa-China: the patent issue remains - Ubi: Carige and Mps are not for us - The…
The French, the first shareholders of the telephone company, are asking for a meeting as soon as possible to rebalance the board, but the American fund is taking time
"The rescue of Banca Carige had to be done: what is striking is the about-face of the Five Stars" - After the insults to the previous Executives, the Government of the change copies the decrees on Veneto banks and Mps "paragraph by paragraph" - "But…
Yields on BTPs stand at 3% and the spread rises again: bank stocks weaken on the Stock Exchange, also due to the effect of the unknown Carige - On an international level, the trade agreement between the USA and China is approaching…
The yellow-green government offers public guarantees to Banca Carige and does not rule out nationalization - Meanwhile, the US and China are one step away from an agreement on duties - Beijing is behind the gold boom - The Stock Exchange appreciates the turnaround in…
On Monday evening, the Council of Ministers approved a decree that allows the Ligurian institute to access state guarantees on newly issued bonds and loans from the Bank of Italy - Direct state intervention in the…
After the crashes of recent days, the stock exchanges are confident in the positive signals coming from the Fed and China - Apple and high-tech but also luxury have started 2019 very badly and the gold rush continues - The…
The start of the first session of the year was nightmarish but, little by little, the Ftse Mib recovered ground, closing substantially even (+0,04%) - Banks down after Carige's receivership which will force them to enter in the capital…
The nervousness of Wall Street, swinging on the last day of trading before the end of the year, does not spoil the celebration of European lists which close positive - In Milan, the banks recover, Carige leaps - Brilla Damiani - Realizations on…
European stock exchanges are all starting to end the year-end day on the rise - Btp auctions are doing well with yields falling - Banks are making a comeback in Piazza Affari - Enel goes back over 5 euros - Also recovering…
The stock gains 15,38% after yesterday's -18,7% - According to the latest rumors, the ECB wants Banca Carige's capital increase to take place as soon as possible in order to meet the conditions imposed for the bailout
The stock is priceless at the start with a theoretical decrease of 18,75 percent after the recapitalization was not approved due to Malacanza's abstention at the meeting. Financial Times: "Carige towards resolution". Slight recovery of shares in the afternoon
Two resignations at the top of the bank after the lack of green light for the 400 million capital increase - A partner is being sought while the unions are calling for government intervention - Fears over Thursday's stock market reaction
Today the green light from the Board - The bond should have a 5-year maturity and provide for up to 12 months to convert the bond
The stock fails to make a price and remains suspended with a theoretical drop of 48,65% after the ok to the capital strengthening plan - The red of 188,9 million in the nine months of 2019 also weighs in - Mincione…
Meeting of the board of directors and stock suspended on the Stock Exchange pending communications on capital strengthening measures: a bond loan immediately envisaged and a subsequent capital increase to repay the loan - The interbank fund is also at stake to help…
Carige today launches the capital increase and the bond to get out of the financial emergency but Piazza Affari is looking above all at the development of relations between Tim and Open Fiber on the network and is waiting without too much hope for the response of the Italian Government to…
The agency downgraded Banca Carige's rating from B- to CCC+ with a negative outlook, but the bank denies the danger of bankruptcy.
The markets are pricing in a new rise in US rates, while oil rises to a four-year high - Watch the Def: will it keep the Tria levee on the deficit below 2%? - Banca Carige's decline continues - Corre…
After Europe, Asia also replicates the upward thrust of the American stock market: Tokyo is at its highest level for eight months - Nike booms - Sky's fate is decided over the weekend - Malacalza conquers Carige - Change of hands…
High-voltage meeting of Banca Carige which today has to appoint the new board of directors: the lists of Malacalza and Mincione duel - On an international level, the clash on duties is easing but bonds are soaring in the wake…
While awaiting the pronouncement of the Court of Genoa on the request of the Malacalza group to inhibit participation in the vote in the next meeting of 20 September of the competing list Mincione-Volpi, the Bank of Italy has already sterilized the agreement of the latter...
The battle for the leadership of Banca Carige will see the former top managers of Unicredit from the XNUMXs on opposite sides, when the bank in Piazza Gae Aulenti was managed by Leonardo's current CEO.
The Ligurian entrepreneur and financier Malacalza rises to 23,9% of Banca Carige and presents a list with prominent candidates to renew the board in the meeting of 20 September: the former Unicredit candidate Pietro Modiano for the presidency with Reichlin deputy
The European Central Bank expresses concern about the internal disputes that have led to four illustrious exits in a few weeks and asks Carige to present a new plan by November 30 - A rain of sales in Piazza Affari...
The board of directors meeting on Tuesday morning decided to postpone the convening of the shareholders' meeting to a new ad hoc meeting, as requested by Raffaele Mincione. The request for a decision today was therefore rejected. Confidence reaffirmed in the CEO…
After the resignations of the two directors and the former president Tesauro, the board meets today to take stock of the situation - Through a letter Raffaele Mincione asks for the convening of a meeting in September with the revocation on the agenda…
After the president Giuseppe Tesauro and the adviser Stefano Lunardi, Francesca Balzani has also decided to take a step back - The reason is always the same: differences on the governance of the Bank. Title in red. Tuesday BoD
And the shares of Banca Carige run in Piazza Affari after the financier Raffaele Mincione said that the bank could be worth double or even triple if it agreed to be bought.
The ten-year agreement on payment products and services also provides for the sale of the merchant acquiring business by the bank to Nexi Payments, a subsidiary of Nexi, for 25 million euro.
Piazza Affari (-1%) is the worst price list today - In addition to the thud of Creval, profit taking is triggered by Ferrari, Pirelli, Cnh, Luxottica - Tenaris (+3%), Banco Bpm, Telecom and Telecom Italia go against the trend and Saipem - Wall…
The plan provides for the sale of non-performing loans and the deconsolidation of a further portfolio of non-performing loans up to one billion euro in gross value; probable issue of a subordinated loan by the first quarter of 2018
Carige's board of directors has also given the go-ahead for the project to outsource IT activities in alliance with IBM.
Strong volatility on the security and rights on the first day of the operation - The prospectus shows that new strengthening measures may be necessary in the future - Three Supervisory inspections are underway - The uncovered part of the increase is 135…
Tech sends Asia flying, record poker in New York - The Brexit agreement is near - Stocks drop, oil rises - Today the EU report card on the maneuver - Partners in sight for Carige and Creval - Mps,…
The Ligurian bank recovers ground on the Stock Exchange after the collapse and the suspension of Monday's session - In the afternoon, Consob approved the prospectus: now the capital increase of half a billion can begin.
Leading the Italian price list is the rally of the electric group, which presented its new 2018/20 business plan this morning in London - The Algebris and Cerberus funds in pole position for the increases in Carige and Creval - The…
The Ligurian bank is back on the stock exchange today after -38,5% and the volatility auction of Monday's session - However, the bank also benefits from the sale of the property in Milan and the conversion of bonds.
Positive intonation for all stock lists after the small correction of the last 10 days - Piazza Affari +0,4% - Mediaset's exploits but the coupon effect weighs heavily.
The title of the Ligurian bank is once again traded on the Stock Exchange but immediately sinks to 0,09 euros per share and goes into a volatility auction.
The Ligurian bank signs the contracts for the establishment of the consortium that will guarantee the recapitalization with Deutsche Bank, Credit Suisse and Barclays
While awaiting the verdict on the Fed's monetary policy, European stock markets are all up. In Milan, the Ftse Mib is at its highest since 2015. Euro down against the dollar, the Btp-Bund spread decreases. The team's rally continues...
Banca Carige has signed the preliminary purchase agreement for the property located in Corso Vittorio Emanuele II in Milan with the Antirion Global Real Estate Fund Core Section. The agreement values the property at 107,5 million. The completion of the sale is expected by 30…
Preliminary adhesions to Carige's subordinated bond swap offer amount to 455,2 million euros out of 510 million bonds to be exchanged - The bank: "We will reach the quorum at the meeting" - Share over 4% on the Stock Exchange.
Intesa would have decided to convert the 50 million nominal Lower Tier II bond maturing in 2020 at a price of 70%, however ensuring the accrued interest accrued from the date of the last detachment until the closing of the transaction.
The transaction concerns subordinated securities for a total amount of 510 million - Prices at 30% for Tier 1 and 70% for Tier 2.
"If the capital increase goes wrong and the bank fails to meet the parameters indicated by the ECB, we will have to pack our bags and go to Frankfurt to discuss what the bank's future will be".
The new industrial plan of the Ligurian bank presented in Milan, which envisages a capital strengthening of over 1 billion euros, thanks above all to the capital increase which will be closed by the end of the year - The CEO Fiorentino: "We are confident, the hypothesis that The…
Also expected is a capital strengthening of over one billion euros, a 54% reduction in the stock of problem loans at the end of 2018 and 58% in 2020 and a significant cut in employees (from 4.742 to 3.900) and branches…
After a morning that didn't fit, a mini afternoon rally of the European stock exchanges in the wake of the data on US jobs which are worth yet another historic record for the Dow Jones - Milan's sprint in the final (+0,6%) - Bper leap after the…
The second quarter closed with a net loss of 113,8 million - The Board of Directors will propose to the shareholders' meeting to raise the capital increase from 500 to 560 million euro, of which 60 million intended for holders of subordinated securities.
After the announcement of the process for the sale of non-core assets, Banca Carige's share soars on the stock exchange, volumes also skyrocket - The disposal of a 1,2 billion Npl portfolio is central - The bank expects to find…
Green light from the board of directors for the process aimed at the disposal of a second portfolio of non-performing loans for an amount equal to 1,2 billion, to be carried out by 2017 and the composition of which will be identified by the end…
Contrasted price lists awaiting the minutes that the Fed will release in the evening - Concerns about the new drop in oil and fears about Korea's warlike moves also contributed to curbing trading - Piazza Affari closes…
A record performance, taking into account that the Ftse Italia Banche rises by 0,47%. - The shares at the beginning of the afternoon gained 22,5% - A conspicuous increase also for Banca Carige Risparmio which at 14.55 pm gained 9,5%.
The manager was entrusted with the powers that had belonged to Guido Bastianini, the CEO disheartened last June 9 by the Board at the request of Vittorio Malacalza, the reference shareholder and vice president of the Bank.
After the Atlante fund refused to refinance Popolare di Vicenza and Veneto Banca, the Carige case broke out, where the first shareholder Malacalza fired CEO Bastianini causing the postponement of the capital increase and the consequent risk of the institution being placed in receivership…
Green light from the shareholders' meeting for the two resolutions containing liability actions against the "historic" former president Giovanni Berneschi, the former president Cesare Castelbarco Albani and the former CEO Piero Luigi Montani - 2016 accounts approved - The CEO Bastianini: "Increase in…
Amissima, controlled by the Apollo fund, replies to the accusations of Banca Carige on the withdrawal of liquidity and claims compensation and indemnities if the contract for the sale of the insurance business were to fall
The institute claims that Apollo would have contributed significantly to the deterioration of its liquidity situation - A total compensation of 1,25 billion has been asked from the fund and the former top management of the institute - Meanwhile, Consob wants an in-depth study from the Bank…
Here are the measures approved yesterday by the bank's board of directors following the ECB's request to update the plan
Berneschi will be subjected to probation for the entire duration of the sentence. The Court also ordered the confiscation of 26 million and the payment of a provisional amount for the civil parties (also owed by the accountant Andrea Vallebuona, equal to…
The news regarding the acceleration established by the board of directors of the bank led by Guido Bastiani on the new industrial plan is causing the Ligurian bank's sprint.
The plan envisages the disposal of NPLs for around 2020 billion by 1,8, while 106 branches are heading towards closure - Estimated profits at 163 million in 2020 and 68 million in 2018.
The list presented by Malacalza Investimenti for the renewal of the board includes Giuseppe Tesauro as candidate for the presidency, Vittorio Malacalza for the vice-presidency and Guido Bastianini as managing director in pectore - Title soars on the stock market today too.
