The Court overturned the decision of the ECB which placed Banca Carige under extraordinary administration. Meanwhile, Banca di Genova has been taken over by Bper: what will happen?
The Ligurian court revokes the suspension of the Carige board and restores its full legitimacy, effectively reopening the way for the delisting and merger with Bper
Bper shines on the stock market with an increase of almost 2%, the highest since the pre-conflict period. In the last three weeks, prices have risen by almost 30%.
The specter of a Russian blitz in Ukraine is receding - Banks in the spotlight: yesterday green light for the purchase of Carige by Bper and today the board of Unicredit
Bper beat the competition from Crédit Agricole Italia and Cerberus - One month to complete the due diligence and sign the acquisition contract - Takeover bid for 0,80 euro on the remaining shares confirmed
Bank shares rise for the sixth day in a row thanks to the increase in yields - Increased demand for credit and the prospect of new M&As also favor the recovery - Spotlight on Crédit Suisse and Banca Carige
Climate of expectation on the markets: there is concern about the approaching rise in US rates, but also the hope that the balance sheets of the major American banks can revive the Bull - Piazza Affari is keeping an eye on the choices of the Interbank Fund for …
Piazza Affari starts well but then follows the bearish wave of the major price lists - Boon di Carige in view of the offers to take it over - Stm also does very well but the Ftse Mib closes in the red
On Monday, the Interbank Fund will make a decision on the future of Carige - According to rumors, those of Crédit Agricole Italia and Cerberus would be added to the offer by Bper - Title over 80 cents per share
If the Government and Parliament decide to extend the tax allocations for the merging banks to 30 June 2022, the Bper-Carige operation could reopen but without a preventive recapitalization of one billion requested by the Emilian bank and already rejected by…
The Interbank Fund judges the preventive recapitalization of one billion euros requested by Bper to take over the Carige group as "excessive"
Tonight the Fed summit: a reduction in purchases is expected but the rate hike will only take place in 2022 - The Ftse Mib gains 0,5% with Bper and Carige on the shields - Diasorin and Recordati also do well -…
Bper breaks the delay and presents an offer to the Interbank Fund to take over all of Carige within a month and a half - The Stock Exchange celebrates
On the second day of re-admission to the Stock Exchange, the stock enters trading briefly and is immediately suspended due to an excess price increase. The theoretical capitalization rises to 604 million
After two and a half years of absence and a revolution that brought the Interbank fund to 80% of the capital, Carige is back on the Stock Exchange - In the middle of the day, the stock managed to increase again, stuck at a theoretical 0,6318…
The road to the merger between Unicredit and Monte dei Paschi is uphill but it certainly remains more viable than the stand-alone plan devised by CEO Bastianini in harmony with the Five Stars and the union between the poor (Alibanca model) with Carige and…
The interbank fund has approved the list of candidates for the renewal of the board of directors - Commissioner Innocenzi: "Today is the day of rebirth"
The 700 million increase started this morning at 9 after receiving the conditional approval from Consob - The securities may not be readmitted to the Stock Exchange - Carige will sell to Amco Nel for a gross 2,8 billion
Ok to the 700 million increase that avoids the bankruptcy of the Ligurian bank - Malacalza presents himself but does not vote
On Friday 20, the first shareholder of the Ligurian bank will participate in the meeting called to approve the 900 million euro strengthening plan - The quorum has already been reached to vote on the resolutions
Beyond the economic advantage for Cassa Centrale Banca, the risk of the Carige operation is that, by transferring resources outside the cooperative system, the CCB changes its nature and becomes a purely lucrative group
The ECB has approved the rescue and recapitalization plan of the Ligurian bank which is now heading towards the shareholders' meeting on 20 September: only the yes of the main shareholder, Malacalza Investment, is awaited for the final go-ahead.
The interbank deposit protection fund and Cassa Centrale Banca have approved the planned interventions - Maccarone: "It's the definitive solution. Malacalza? I spoke to him, it's reasonable to expect a yes"
The Interbank Fund did not like the proposal presented by Cassa Centrale Banche which is meeting the board today - Carige's rescue is hanging by a thread, tomorrow is the deadline to present the plan to the ECB
After the cautious start to the week in view of the ECB, investors' attention is on the banks and their restructuring - Euro down, Pound down waiting for Boris Johnson
Atlantia also reappears to save the airline - Decisive days for the Ligurian Bank - The agreement for the construction hub is on the launch pad - Chinese GDP at a 30-year low, but the stock markets rise - Consumption…
Thumbs down by the grillini to the rescue plan of the Ligurian bank devised by the Interbank Fund: Di Maio and his partners push for nationalization at the expense of taxpayers
After the first rejection by the Interbank Fund, Apollo sent a new proposal to the commissioners of the Ligurian Bank - In the meantime, they are working on plan B: direct intervention by the State through Mediocredito Centrale
No to the American fund confirmed - The banks say they are ready to evaluate public and private participation in the bailout project and to intervene in "short times"
The American giant rejects the bailout plan and the nightmare of bankruptcy reappears for the Ligurian bank
To resolve the Carige case "we have six months, but in reality only a few weeks", the extraordinary commissioner of the bank Pietro Modiano said today in Genoa.
The plan presented in Genoa by the three commissioners also provides for the repayment of the 320 million bond. Binding offer announced for the disposal of 1,9 billion NPLs - Cost cutting provides for more than 1.000 redundancies and a…
The discussion started by the grillini on the future fate of Carige is disconcerting and disturbs both the work of the bank's commissioners and the financial markets - The lightness with which Di Maio and Salvini use words like bank of… is incredible.
The text is identical, word for word, to the one with which the Gentiloni government intervened on MPS and Veneto banks - From the State guarantees on three billion bonds and one billion for the recapitalization - The ok is awaited…
Yet another about-face by the grillini who, after Ilva, Tav, Tap and Terzo Valico, have to go back on everything even on the banks by committing public money to save Carige while Salvini hypothesizes double standards for small shareholders - The right observations…
Piazza Affari is positive in the middle of the day, as are the other European lists - Industrialists and oil producers are doing well in Milan, the banks are still suffering - Stable spread, just under 270 basis points - Cucinelli's thud after the…
While the commissioners appointed by the ECB announce the guidelines to secure the Ligurian bank, the political controversy on the aid provided by the Government escalates - Renzi and Gentiloni hit hard on Salvini and Di Maio: "They insulted us,…
After the commissioning by the ECB, the choice of the Government will be decisive for Carige's future: the hypothesis is a recapitalization carried out half by the shareholders and half by Mps, controlled by the Treasury - But the bank…
This was decided by Consob, which already yesterday after the news of the decay of the board of directors had suspended negotiations on Carige - The former CEO (now commissioner) Innocenzi: "The institute is well capitalized and has clear governance. No risk of instability ".
A turbulent start to 2019 for the Ligurian bank: the president Modiano, the CEO Innocenzi and three directors have resigned irrevocably, causing the entire board of directors to lapse - Modiano and Innocenzi were appointed special commissioners after a few minutes by the ECB,…
The stock market rebounds spectacularly after the lowest since the autumn of 2017 reached on December 24 - Amazon leads the race - The White House assures: Powell will not be touched - In Piazza Affari the spotlight is on Carige - Juventus…
Chenavari received authorization from the Bank of Italy on 3 October - The transaction will be completed by 28 March 2019
Another session of passion for Piazza Affari which loses 0,78% but all share lists are down - Mediaset collapses and Tim's losses are also strong after the turnaround - Buzzi, Moncler, Atlantia and…
European price lists are back positive and Piazza Affari is no exception despite the new earthquake in Telecom Italia, the record thud of Banca Carige and the uncertainties about the maneuver - Banks and industrial stocks and the…
The decline of the two Internet giants sank the Nasdaq with negative repercussions on all the Stock Exchanges - Clamorous thud by Goldman Sachs due to the scandal linked to the Malaysian sovereign wealth fund - Eleventh consecutive decline for oil -…
Bad opening session on the American Stock Exchange where Apple and the other high-tech stocks crash the Nasdaq and also overwhelm the European lists - Piazza Affari loses 0,9%: the drop in Stm is very heavy but Pirelli is also bad,…
The capital strengthening operation will be divided into two phases: bond by December, increase between March and April 2019 - 320 million euro requested from the Interbank Fund - Malacalza subscription in doubt
After Thursday's crash, in the wake of the default alarm launched by the Fitch agency, the Ligurian bank is recovering ground in Piazza Affari: the Board has given the green light to the hypothesis of a 200 million bond guaranteed by the Malacalza - Spinta family…
The shareholders' meeting of the Ligurian bank voted in favor of the Malacalza family for the composition of the new board, which will be made up of 11 directors - The takeover of Mincione fails and now the hypothesis of a merger is out of the question:…
Positive European price lists in the middle of the day. Milan leads the trend thanks to the return of interest in banks. Still in evidence FCA and Stm. Eyes on Carige on the rise. Fight the banks, Telecom Italia flat in view of the Board of…
The European price lists are positive at mid-morning but Piazza Affari marks time and the spread rises - The banks moved little with the exception of Carige after the decisions of the Court - Prysmian retraces, Telecom Italia down -…
The pact collects 15,198% of the capital, but, if it does not ask for the go-ahead from the central institute within 15 days, at the meeting of 20 September it will be able to exercise voting rights only up to 9,99% - The shareholders of the pact specify that there…
The leading shareholder strengthens in anticipation of the battle against the shareholders' agreement signed by Raffaele Mincione, Gabriele Volpi and Aldo Spinelli
The reference shareholder, who in the meantime has increased to more than 24% of the institute, has presented an appeal to the Court of Genoa to request that the list of candidate directors presented by Pop 12 Sarl, which belongs…
This time it is Lucia Venuti, director and member of the nomination committee, who resigns - the director Giulio Gallazzi will instead carry out the functions of president pro tempore until the shareholders' meeting on 20 September
Among the most eagerly awaited quarterly is that of Carige, which simultaneously communicates that it has convened a very delicate shareholders' meeting for 20 September, requested by the ECB: in the first half-year it reduces the red to 20 million - Profit down by…
According to the Genoese family, the "definition and implementation of further interventions requested by the ECB" cannot "be guided by whoever prepared the new capital conservation plan which the ECB now appears not to agree with"
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...
Futures indicate an upward session for the European stock exchanges in the wake of the Japanese Nikkei - Oil is also trying to rise again - ECB's soft line on NPLs - Tussle in Banca Carige - BTP auction today
The decision, explains Vittorio Malacalza in a letter, "was determined among other things by the recent resignations of other directors and by the contents of the same, as well as by the attempt by the Chief Executive Officer to delegitimize my role"
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…
The motivation is the same given by President Tesauro: "Differences relating to the governance and management of the Bank" - The title sinks in Piazza Affari
This was announced in a note from the Ligurian bank, explaining that the decision came due to "divergences relating to the governance and management of the bank" - Title loses more than 1% on the Stock Exchange.
The Ligurian bank returns to profit, Atlantia and Unipol do well (the latter thanks to the sale of Popolare Vita), Fiera Milano cancels the debt: the quarterly reports of the four companies.
European lists are above parity in the wake of the Asian stock exchanges after a turbulent quarter - Today at Tim's board of directors decisive clash between Elliott and Vivendi - Waiting also for the Poste Italiane accounts and the Carige shareholders' meeting…
Within the portfolio of total non-performing loans amounting to €1,7 billion as at 31 December 2017, an amount of up to €1 billion will be selected to be sold through a public securitization with a state guarantee on the senior security - Security down…
The London-based Italian financier commented as follows: "Carige is a historic bank, deeply rooted in the territory, although it is now in a complex phase".
Carige's board of directors has also given the go-ahead for the project to outsource IT activities in alliance with IBM.
The family holding company of the entrepreneur from Piacenza subscribed shares for another 25 million but could have done so up to 69,5 million, thus rising to 28%.
For the remaining part, Malacalza Investimenti has the right to reach a stake of up to 28% of the share capital of Carige from the current 17,6%.
Carige's main shareholder is discovering to his cost that in the bank, unlike other economic sectors, ownership does not have absolute power but must comply with the often fluctuating guidelines of the Authorities
Data on the growth of the economy in the Eurozone are pushing European price lists - Oils in contrast, Brent rises after Wednesday's crash - Banks are making a comeback and luxury is on the back foot - The FCA galaxy is weak.
Approximately 66% of the option offer subscribed, for an amount of 331 million euro, and approximately 77% of the reserved tranche for a consideration of 46 million - However, 34% of the new shares offered are not subscribed -…
Carige also signed an NPL servicing agreement for 31 million, again with Credito Fondiario which strengthens its capital by 105 million. Malacalza Investimenti should opt today for the subscription of the capital increase of the Genoese bank, in option…
Piazza Affari gains 0,62% at the end of a session dominated by increases in oil and electricity stocks and by the decline in banking stocks, with the exception of the conspicuous recovery of Carige and Creval - Nasdaq record: first time above…
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.
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.
Another negative session for Piazza Affari (-0,5%) and for all stock lists - Two-speed banks: exploits of Mps and recovery of Banco Bpm and Fineco but Carige (despite the final improvement on the increase) and Creval not they are priced and…
After a troubled day, with the stock temporarily suspended at the opening, reassuring signs are arriving for Banca Carige. Important steps towards the ok for the super capital increase of 560 million. There is time until December 31st for the green light of the…
European price lists recover in the middle of the day but Milan remains in the red - Both the banks of Genoa and the Valtellinese remain suspended - MPS, on the other hand, is making a comeback - Oil rises and pushes energy - Citigroup promotes…
In a note from Malacalza Investimenti it confirmed its formal commitment to subscribe its share of the increase, after having risen to 28% of the share capital from the previous 17,6% - Turbulence at Carige: increase at risk, share suspended even today.
The approval of the tax reform in the US House pushes Tokyo upwards, but Russiagate is putting pressure on the dollar. Wall Street restarts thanks also to the quarterly Wal-Mart and Cisco. Down in oil: Norway eliminates oil & gas from the sovereign wealth fund - In Italy…
European stock lists regain share led by Madrid - Piazza Affari recovers in the final (+0,2%) but is held back by the banks in the wake of the Carige and Creval enigmas - Leonardo also down - Buzzi, Prysmian, Ferragamo and Mediaset go against the trend
After the shocking announcement in the morning relating to the difficulties on the capital increase, with the relative suspension of the stock on the Stock Exchange, the urgently convened board of directors is still negotiating with the three institutes (Deutsche Bank, Credit Suisse and Barclays) - In meanwhile…
After ten days of tension, the Milan price list stabilizes while the other European markets grow - The dollar also finds an adjustment - The Treasury closes the placement of the Btp Italia at 7,1 billion - Banks under scrutiny…
The institute has announced that the conditions for forming the functional guarantee consortium for the 560 million capital increase have not fully met: title suspended - CreVal collapses after the rejection of the Canadian Dbrs agency
The stock of the Genoese bank is driven by the rumors about the agreements for the capital increase. Quarterly report as at 30 September presented: losses down but the intermediation margin drops by 39%
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…
While the US market is breaking new records and seems to believe in Trump, in Piazza Affari Unicredit is the best. Carige leap forward. Operators await next week's ECB decisions. FCA has partially recovered from the fall…
Membership involved 455,2 million shares out of 510 million, equal to 89% of the total amount.
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.
"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".
From the Blog ENORDOVEST - Boero Bartolomeo, historic paint company, is about to leave the Stock Exchange and to represent Liguria in Piazza Affari, only Erg, Banca Carige and Orsero will remain, which has just decided on a raise…
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…
The financial journalist Carlotta Scozzari retraces the stages of the story that led to the crisis of the institute founded in 1483 in Genoa - It starts from the condemnation of the former president Giovanni Berneschi up to the umpteenth capital increase, expected at the end…
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.
A 3,4% gain for Carige shares. Today the meeting for the board on governance, capital strengthening and the sale of over 1,2 billion npl
A slow morning on all European markets. Milan slows down but luxury stands out with Yoox and Moncler promoted by Jeferies. Indiscretions from Spain penalize Atlantia. The banking sector holds up with difficulty. Spotlights on the press conference of MPS leaders…
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%.
European stock markets in the throes of uncertainty after the launch of the Korean missile and Piazza Affari, despite the increases in the banks, cannot find the impetus to remain positive. Worth noting is Unicredit but volatility dominates: affected Telecom, Ferrari and Terna…
