Carige: the adjustments inflate the 2017 red to 388 million
Phased-in capital ratios as at 31 December 2017 of 12,4% for Cet1 and 12,6% for Total Capital Ratio confirmed.
Stock market, the banks are resurrected: boom of Mps and Carige
The share of the Sienese bank, which had reached an all-time low again this morning at 0.515 euro, gained almost 15% around 45 pm, only to then correct shortly after around +36% - Carige and the…
Banca Carige to the rescue: + 9,5%
High volatility but stock recovering after yesterday's slide
Carige: Malacalza rises to 17,58%
Previously the stake held by the Malacalzas was 17% - 10,925 million shares were bought at a price between 1,526338 and 1,714305 euros, for a total investment of 17,9 million.
Banca Carige returns to profit, but receives a fine from the Antitrust
According to the Authority, the institute has implemented "unfair commercial practices, as they are aggressive", to recover its credits - In the first half of 2015, Carige recorded profits of 16,7 million euros, but thanks to non-recurring components for 68…
Banca Carige: the increase fills up, Malacalza at 17%
The positions of Malacalza (from 14,9% to 17%) and Volpi (from 5,01% to 5,5%) within Carige are strengthened after the conclusion of the recapitalization - The share of Bpce.
Generali has 5,1% of Carige pre-increase
Consob announced that the Generali Group owns 5,1% of Carige before the start of the capital increase operations still in progress of the Genoese bank.
Banca Carige collapses on the stock market on day 2 of the increase
But the president Castelbarco says he is confident about the outcome of the recapitalization and announces that a decision on the sale of Banca Cesare Ponti will be taken at the end of the month.
Carige, rights -10% on the first day of the capital increase
In the first day of the capital increase, Banca Carige hit by high volatility. Stocks did well, theoretical -10,2% for rights
Carige, the increase is underway: title in swing
High volatility in the first minutes of the session in Piazza Affari for the Carige share which, after falling to 1,72, quickly rises and gains almost 3% - The capital increase of 850 million euros starts today - Piazza…
A third of the market believes in Grexit: survey by the Financial Times
According to a survey by the Financial Times, a third of investors expect Greece to leave the euro: Athens at loggerheads with the EU - The Ukrainian mine and the Turkish vote are no less dangerous, suggesting strong repercussions today on the Stock Exchange…
Banca Carige: the increase sinks the stock on the Stock Exchange
Shares targeted by sales after the publication of the details of the increase from 850 million which will start on Monday.
Stock Exchange: Carige the only bank against the trend, Milan sinks
The stock of the Genoese institute dates back to Piazza Affari, the only one bucking the trend of the banking sector, frightened by fears related to the Greek debt - The Milan Stock Exchange falls, signaling itself as the worst in mid-morning.
Cesare Ponti: Banco Popolare slips away, Finnat in pole position
The CEO of Banco Popolare comments on the tender for the Carige subsidiary: "We are no longer here. I think they have chosen Finnat" - The president of the Genoese institute Cesare Castelbarco: "We have not yet made any decisions".
Carige: from ECB ok at Malacalza entrance
Eurotower has authorized Malacalza Investimenti to become a significant shareholder of the Genoese institute Carige at…
Carige: transfer of 1,5 billion of non-performing loans is on the way
Banca Carige sells over 1 billion in non-performing loans estimating it will be able to obtain a capital loss of 200 million - The CEO Montani also thinks that about 190 can be obtained from the forthcoming sale of Creditis and Banca Cesare Ponti…
Carige, the French shareholder BPCE devalues the stake
The Banques populaires made an adjustment of 120 million in the 2014 accounts - The devaluation took place against "the prolonged decline in the value of the stake in Banca Carige".
Carige: Malacalza buys 10,5% from the Foundation
The sale price of the stake is just over 66 million euros (equal to 0,062 euros per share) - Malacalza will thus become Carige's first shareholder.
Carige, the capital increase rises to 700 million. Credem: useful +31%
The Ligurian bank closed the year with losses of 543,6 million and recapitalization is growing - Profits for Credito Emiliano at 151,8 million.
Popular banks, Piazza Affari focuses on risk and awaits Qe
First test today in Piazza Affari of the reform of cooperative banks with an eye to mergers: the 10 banks that will become joint stock companies - Between the Bpm-Carige and Ubi-Mps bets - On the eve of the ECB's Qe, the euro is weak and the …
Ko oil and zero-yield Japan Btp: waiting for Draghi
The new plunge in oil (below 47 dollars a barrel) dominates the financial day - In Japan, the yield on 5-year BTPs fell below zero for the first time and today the Italian Treasury auction…
Stock Exchange, Consob sinks Banca Carige
The title of the Ligurian institute is targeted by sales in Piazza Affari after the Commission has decided to impose the annulment of the resolution approving the 2013 budget.
Banks in the sights: new increases in sight, watch out for Mps and Carige
After Santander, according to the Financial Times there are at least six other major European banks on the verge of recapitalization after the tightening of European supervision - Carige is under pressure from Consob - Today the Treasury is aiming for a record with…
Banca Carige: ECB raises recapitalization requests
The 650 million euro capital increase envisaged by the Banca Carige board on 26 October would not be enough for the Eurotower - The ECB raises the bar and asks for an increase to 700 million.
Piazza Affari rewards Mps and Banca Carige after the ECB ok with recovery plans
After the go-ahead from the ECB Board for the recovery plans, Mps and Banca Carige are making progress in Piazza Affari
Banca Finnat comes forward for the purchase of Banca Cesare Ponti
Finnat bets on Banca Cesare Ponti of the Carige group: according to CEO Nattino, the two institutions are complementary.
Carige: red from 329 million in 9 months, the title falls
Value adjustments on loans to customers amounted to 319 million - Mediobanca ensures subscription of the increase.
Mps-Carige, Consob: ban on short selling until 27/1
The stop is also effective on derivative financial instruments whose underlying are the MPS and Carige shares, currently contested on the stock exchange.
Weak stock market, but Mps and Snam take advantage
European lists slow down after the cut by the European Commission on EU growth estimates - Fireworks morning for Montepaschi amid yellows, denials and uncertainties about the future - Partial recovery of utilities after yesterday's crash - The decline…
Stock market weak, but Mps and Carige rebound: Snam thud
European stock prices down in the middle of the day, after Friday's leap - Great volatility in Piazza Affari for Montepaschi, which has announced a capital increase - Carige rebounds: rumors of an interest from Bonomi - Snam…
Stock market: Carige rebounds on investor rumors
The stock of the Genoese institute partially recovers after the collapse of last week - Possible entry of Andrea Bonomi
The superstar dollar is lifeblood for stock exchanges. Race against time by Mps and Carige
On the eve of the midterm elections in the USA, the dollar breaks through the barrier of 113 yen and is traded at 1,2444 against the euro - Oil and gold fall - Emerging on the rise but new default for Argentina - Capital increase…
October of sales on the Stock Exchange: only eight Ftse Mib stocks close on the rise. Down with banks and oil
The blue chips of Piazza Affari that close the month with a positive result can be counted on the fingers of both hands. Among these Exor, Mediobanca and A2A. Sales on banks after the stress tests: at the bottom of the Ftse Mib, and worst stock…
S&P threatens Carige, Intesa downloads Mps
Standard and Poor's has put Banca Carige on negative creditwatch - Intesa Sanpaolo, on the other hand, has given a "categorical no" to a possible intervention in Monte dei Paschi.
Stock Exchange: the banks are resurrected but it is always dark for Mps and Carige
The move by the Bank of Japan has galvanized European lists, including Piazza Affari which gains almost 2% in the middle of the day - The spread is falling and the banks are recovering, with the exception of Mps and Carige, still overwhelmed by stress…
Standard & Poor's: Bper, Veneto Banca and Bpm ratings confirmed
After the stress tests, the rating agency confirmed the judgment on the three institutes - Bpm and Bper advance in Piazza Affari - Carige still collapses.
Mps-Carige, possible downgrade from Moody's
On the other hand, the B1 ratings of Bpm's senior unsecured securities were confirmed, together with the senior subordinated bonds (B3) and the junior subordinated ones Caa1.
Mps, for the recapitalization Padoan looks to "market solutions"
The position of the Economy Minister seems to exclude the possibility of an intervention on the repayment of the Monti bonds
The markets await signals from the Fed. FCA's D-day on the accounts today
The American central bank towards the soft farewell to Quantitative easing - Auction bots with rising yields - Today Marchionne uncovers the cards on the accounts in the first FCA board in London: converting hypothesis - Mps and Carige study the…
Stress test: what changes for banks and citizens
Savers have no reason to worry, just as 7 of the 9 Italian banks rejected by the ECB - MPS and Carige, however - will have to put 2,111 billion and 814 million on the plate respectively: how will they do? - That's why the criteria of…
Banks and Stock Exchanges rebound, due to rising Ctz yields
In Piazza Affari, the growth of banks holds ground after the cyclone stress test - Carige catches its breath (+3,1%) after the sale of the insurance companies, Mps just 1% - Enel and A2A are making progress, Eni is doing well too - Eyes on Fca.
Carige sells the insurance branch for 310 million
The stakes in Carige Assicurazioni and Carige Vita Nuova sold to Apollo - The process to recover the 814 million requested by the ECB continues.
Banks looking for redemption after the MPS cyclone, tension on BTPs and stock exchanges awaiting the Fed
Is the storm over on Mps and Carige? This is the question that dominates today's stock market session in Piazza Affari - But distrust in the Italian financial system also affects BTPs and the spread and today proves…
Stress test, Mps and Carige sink
The Ftse Mib worsens to -2,28% - Vertical collapse for Monte dei Paschi and Banca Carige. Consob suspends short selling - All banks fall, Bpm manages to lose 5% - Discontent in Siena over the methods of…
Stock market, stress test effect: Mps and Carige peak, Banco Pop flies
The Sienese institute evaluates the possibility of a merger and rules out state aid - The Ligurian bank announces a capital increase - Unleashed investors.
STRESS TEST – The ECB rejects 25 out of 130 European banks, including MPS and Carige
Out of 130 European banks, 25 have not passed the stress tests of the EBA and the ECB - According to Eutotower, the Sienese bank has a capital shortfall of 2.111 million euros which Profumo and Viola are already thinking of…
Banca Carige: insurance sales by 2014
The CEO Piero Montani announced it today - On 24 July the Genoese bank started an exclusive negotiation phase with Apollo Management Holdings for the sale of Carige Assicurazioni and Carige Vita Nuova.
Carige: UBS halves its stake, from 4% to 1,8%
According to the communications relating to significant shareholdings released by Consob, the Swiss bank would have cut its stake within the Genoese institute, going from 4,05% to 1,798% - Ubs had become one of Carige's significant shareholders last 9 June.
Carige, unopted offer from tomorrow
The offer will take place from tomorrow to Friday (8-11 July) and in the session of next Monday, 14 July - The unopted amount is 3 million rights, equal to 0,1% of the offer.
Carige, Malacalza checks for the increase
In the auction of rights to the capital increase for 800 million, which will take place from today until Friday, new shareholders could appear, as the vice president Alessandro Repetto has hinted.
Bper, off to the latest major recapitalization. Bank increases in full sail
The increase in Popolare dell'Emila Romagna started today to end on 18 July - The MPS offer ends on Friday while Carige is halfway through: the increase closes on 4 July - Many have already celebrated: Banco Popolare, bpm,…
Carige, Mediobanca starts arbitrage between shares and option rights
This operation - indicates a note from the institute that heads the guarantee consortium for the capital increase of the Genoese bank - "taking account of market conditions, may concern up to a maximum of approximately 151 million shares…
The expectation of the Fed's moves dominates the markets. This morning Piazza Affari starts off on the right foot
Analysts expect interest rates to remain unchanged at historic lows and prudent tapering from the Fed - Mps runs in Piazza Affari and Ubs enters Carige where Malacalza and Andrea Bonomi could also arrive - Popolari to the rescue and…
Carige, Court of Genoa rejects class action
The 250 small shareholders, each holding shares not exceeding 1% of the capital, had started the collective action at the end of May against alleged false or misleading information provided by the bank in the deed of sale of mostly equity Carige securities.
Banca Carige: Ubs owns 4,05%, acquired by the Foundation
Consob communications on significant shareholdings have announced that the financial services company Ubs owns 4,05% of Banca Carige - Around 14.30 pm the share rises on the Stock Exchange by 9,82%.
Stock Exchange: Banca Carige soars on the second day of the increase
Yesterday the 800 million euro capital increase of the Cassa di Risparmio di Genova e Imperia got underway - In the last session, the performance of the shares was characterized by marked volatility, while today the stock recorded a…
Carige: via the increase from 800 million, the title flies to Piazza Affari
The institute earns 8,8% at the start of trading, at 0,178 euros, to then be suspended in the volatility auction - The increase from 800 million starts today: in addition to the Carige Foundation, which will subscribe its 19% , this morning also the other one…
Carige, Consob ok for the 800 million capital increase: it starts on June 16th
In order to subscribe to Banca Carige ordinary shares, they must be exercised from 16 June to 4 July 2014, under penalty of forfeiture - Title flat this morning in Piazza Affari.
Carige Foundation will join the 19% increase
The Carige Foundation will participate in the capital increase of Banca Carige for the entire share of its competence equal to 19%.
Bot auction today chasing new records: yields towards historic lows: Milan starts down
The eyes of the market on today's Treasury auction on annual Treasuries to verify the consistency of demand after the ECB's moves but above all the yields seen falling below 0,5% - Milan starts down - Up…
Carige: the Stock Exchange is betting on new investors and the stock soars
The Carige Foundation has sold 10,86% of the institute's shares, taking it to 19% of the capital - The unit sale price of the package should be 0,386 euros, 6% lower than the current stock market prices: however, the market appreciates …
Abi: Castelbarco in place of Berneschi on the board and executive
Berneschi, former president of Carige, is under house arrest and is being investigated in the investigation by the Prosecutor of Genoa with the hypotheses of aggravated fraud, transnational criminal association, fictitious registration and money laundering.
Banca Carige, the Foundation falls below 30%: next target 19%
Fondazione Carige has already obtained authorization from the Treasury to further reduce its share up to 19% - At the beginning of the afternoon, Banca Carige shares gained 2,45% in Piazza Affari to 0,4355 euro.
Carige, former managers Berneschi and Menconi under house arrest
Seven precautionary custody orders issued by the investigating judge of Genoa - The crimes are fraud in the group's insurance sector, transnational criminal association, fictitious registration and money laundering
Carige: the Foundation places only 10,96%, price below forecasts
The Carige Foundation has placed 10,96% of the capital of the Genoese institute, against the 15% announced yesterday - The price per share was 0,40 euros, below the lowest point of the previously indicated range - Continue …
Banca Carige, Foundation sells share: share peaking on the Stock Exchange
Yesterday on the Stock Exchange Banca Carige shares had lost 1,2% to 0,502 euro, today instead the title failed to make the opening price, but was then admitted to trading with a plunge of 18,13%, at 0,411…
Stock Exchange: Banca Carige, title soars on Investindustrial interest
The commitment of the private equity fund led by Andrea Bonomi, on which rumors have been circulating for a couple of months now, is confirmed by the latest rumors: we are talking about 500 million for 25%.
Carige: the Foundation drops to 43,4%
After receiving the OK from the Treasury to reduce its stake to 39%, the Carige Foundation has dropped to 43,4% of the capital of the Genoese institute - President Momigliano: "We will ask to drop down to 19%".
The Stock Exchange rises, Intesa and Pirelli shine
Intesa and Pirelli shares take off in Piazza Affari - Tronchetti: "2014 started on the right foot, the agreement with Rosneft will allow for further growth" - Eni rises by 0,4% after announcing the placement of 7% of the Portuguese company Galp-…
Banca Carige, 2013 from deep red: start of the capital increase in June
After yesterday's rally (+12%), Banca Carige slips in Piazza Affari on the day of the presentation of the 2013 accounts (with a loss of 1,7 billion) and of the 2018 Business Plan, which envisages a return to profit only in 2016.
Carige, Foundation ready to sell 5-6% to reduce debt
At yesterday's closing values of Piazza Affari, i.e. at 0,52 euro per share, the placement would allow for collection of between 56-68 million, without however considering the discount at which this type of transaction usually takes place.
Borsa, coverings on Carige: the title soars
The stock of the Genoese institute runs in Piazza Affari, advancing by more than 7% in the late morning - As well as on Mps, the coverings have also started on Carige - The resistance threshold of the maximum since the beginning of 2014 has been exceeded.
Banca Carige board of directors: delegation in March but execution of the capital increase in June
The advice of the Genoese bank, as far as we learn, has chosen the soft line and accepted the Foundation's request to extend the timing of the capital increase from 800 million in June - Now the ball passes to the Foundation which…
Stock market: Banca Carige negative after the start of the capital increase up to 800 million euro
After the start of the activities for the capital increase (up to 800 million euros), Banca Carige travels in the red at Piazza Affari - Yesterday the banks that will form the guarantee syndicate for the operation were selected: Mediobanca, Citigroup , credit…
Carige sells Asset Management Sgr for 101 million to Arca
The acquisition by Arca Sgr, the primary independent operator in the asset management market, of the entire share capital of Carige Asset Management Sgr (Banca Carige) was completed today at the agreed price of 101 million euro.
Stock market, Banca Carige sinks: Moody's effect
The bank's shares are still affected by the downgrade communicated two days ago by Moody's, which downgraded the group's rating from B2 to B3, also lowering the outlook, now negative - According to Equita analysts, moreover, Banca Carige needs…
Carige: Paolo Momigliano new president of the Foundation
Paolo Momigliano, a 55-year-old lawyer and former president of the municipal waste company Amiu, was elected president of the Carige Foundation and will succeed Flavio Repetto - Board of Trustees divided: 17 votes for Momigliano, 10 for Casale, one ballot...
Carige, responses to Consob findings on Monday 2 December
The answers from Carige and Consob on goodwill and on the stake held in the Bank of Italy will be discussed shortly in the board of directors - On November 8th, the Commission announced the start of a proceeding, formulating hypotheses of non-compliance…
Carige Foundation: Pertica first choice for presidency, but the board remains split
Remo Perticali is the most accredited candidate for the presidency of the Carige Foundation - The name of the former Finmeccanica manager remains the first choice by the 17 directors who revoked Flavio Repetto at the end of an intense day of…
Fondazione Carige, internal solution sets
The face-to-face that the vice president of the Carige Foundation, Pierluigi Vinai, had yesterday evening with the Ministry of Economy was positive: at this point, the steering committee that will meet on Thursday will have to reopen the discussions to identify the candidate for…
Carige, Montani appointed new CEO
The new manager should take office next week, "probably as early as Monday 4 November" - To make room on the board for Montani, who is leaving the leadership of Banca Popolare di Milano, director Luigi Gastaldi resigned, moving to Carige...
Moody's: ECB review puts some Italian banks at risk
The examination that the ECB will begin in November to test the state of health of 130 European banks will have a negative impact for Italian institutions with weak capital ratios - This is supported by a study by the Moody's rating agency…
Well auction Ctz, but Piazza Affari slows down
The Treasury fills up with Ctz: yields down to 1,392% - Milan slows down after the positive start following Tokyo - The automotive sector is under fire in Europe: Fiat -3,4% - Mediobanca soars after the accounts - Effect Montani on Carige…
Banks, Montani king of Piazza Affari: Bpm falls, Carige flies
The manager could soon leave the leadership of Banca Popolare di Milano, to land in Banca Carige - The rumors had an immediate reflection on the Stock Exchange: this morning the BPM share is in the red by 1,8%, suffering one of the…
Appointments in the bank - Montani will lead Carige, perhaps Castagna new CEO of Bpm, Banca Marche commissioner
The Genoese Piero Montani will become the new CEO of Cargie on Tuesday on the recommendation of the president Cesare Castelbarco - Montani thus leaves Bpm where he will probably be replaced by Giuseppe Castagna, the former general manager of the Bancpo of Naples (Intesa group) -…
Banks and the Stock Exchange are trying to rebound
Positive indices after yesterday's declines - Banks do well in Piazza Affari - Carige shines, Autogrill and World Duty Free collapse - Euro at new highs against the dollar since November 2011 - Positive indications from the labor market…
Carige Foundation, the Board of Directors answers to the Treasury
As for the excessive exposure to Banca Carige, the Foundation explained that the investment in Banca Carige not only has the purpose of "producing income", but constitutes a "tool for promoting the economic development" of the territory, which would be " severely compromised…
Carige Foundation, Governor Burlando intervenes in the Repetto case
The president of the Liguria region has urgently convened a meeting between all the bodies that appoint the directors of the Carige Foundation, after the vast majority of the latter have asked for the revocation of the president Flavio Repetto - In the meeting…
fund. Carige, the majority of councilors are asking for Repetto to be revoked
17 advisors out of 28 of the main Ligurian financial institution have asked for the revocation of the president Flavio Repetto - Repetto, who would have finished his mandate in 2016, has come under fire for the "clean-up" operation carried out since his...
The markets are betting on an agreement between Obama and the Republicans on the debt. Milan starts on the rise
The debt agreement between the White House and the Republicans is not there yet but it is approaching: Mario Draghi says it too - And Wall Street is celebrating - Piazza Affari starts on the rise this morning - Important auction today for BTPs…
Banca Carige, Castelbarco new president in place of Berneschi
Berneschi leaves office after disagreements with the reference shareholder and harsh observations by Bank of Italy on the institution's governance - Castelbarco was the first candidate on the list presented by the Carige Foundation, which holds 46,6% of the capital - The new …
Carige, the former president Berneschi reassures about the sale. But the stock falls to Piazza Affari
Carige's insurance activities have been "fixed" and are in a position to be sold at the highest possible prices: the outgoing chairman of Carige, Giovanni Berneschi, thus responds to the criticisms.
Carige: ok replies to Bank of Italy, but board of directors split
The ok from the outgoing president, Giovanni Berneschi, was decisive - Among the advisers against the document there would also be the future president, Cesare Castelbarco.
Carige, Board of Directors updates on Bankitalia replies
Harsh observations emerged from the Bank of Italy's report on credit policies, capital strengthening and the exit from the insurance sector, as well as on the institution's governance - The board will probably meet next Thursday
Carige board of directors: first responses to Bankitalia on credit and insurance
The board of directors of the Genoese institute is working on the answers to be provided to the inspectors of the Bank of Italy, while the president Giovanni Berneschi, as requested by Palazzo Koch, is preparing to say goodbye - The insurance companies will be sold to strengthen the assets.
Carige, bad on the stock market due to rumors about derivatives
According to La Stampa, the Bank of Italy would have found in its report an excessive exposure to "leveraged" derivative contracts on government bonds for an amount of around 7 billion euros - The hypotheses do not serve to raise the prices…
Banca Carige, Foundation: "New CEO within a month"
For the Foundation it is necessary to proceed "in a short time" with the choice of the bank's managing director, a search that should take place within a month "in line with the indications of the Bank of Italy" on an industrial plan and capital strengthening.
Carige: tightened on lists, Alberti presidency hypothesis hanging in the balance
The decisive request for a replacement at the top of the Ligurian institute contained in the inspectors' report seems to have reopened the game on the team of potential administrators to be presented at the shareholders' meeting at the end of September - "We think about alternatives that can…
Bankitalia in Carige: "Change the top management"
As anticipated in the afternoon by the Primo Canale website, the inspectors would have explicitly referred to the figure of the president Giovanni Berneschi and the vice president Alessandro Scajola, also underlining the lack of intervention by the institute's boards of directors in the last…
Carige, Bank of Italy: 30 days to solve problems, 3 for now no sanctions
Observations have arrived from the Bank of Italy regarding three aspects: adjustments to loans, the need for capitalization and exit from the insurance sector – According to a director of Banca Carige, the institute “will have 30 days to make its counter-arguments. After that the…